July 11, 2006 County Council Meeting

[Stucki]

Originally Posted by Jose Luis Luviano

Hey, you're pretty cynical. (That's a compliment, you know.)

I was thinking the same thing.

But you don't see a strong link between Coroon's contributors and Larry H Miller.

I didn't say they went to Corroon.

[Deuce]

Originally Posted by AreliusIV

How can Uncle Dave substantiate this?

I am sure he would not make a claim of this magnitude without something to back it up...

[AreliusIV]

Gist of the interview between Dave Checketts and Doug Wright:

DC: We have to look at how we govern the county. 9 members in the council plus a mayor.

One councilman changed his vote because he couldn't get another $3M for WVC. He got $15M but wanted $18M. EVen though he told me that he would vote for it, he voted it down.

DW: Are we going to lose RSL to St. Louis?

DC: I hope not. It would be easy to move it to St. Louis because I own a hockey club there and the mayor is open to what needs to happen to bring it there.

But I want to take some time and see how we want to approach this.

DW: What's different about RSL than your other ventures?

I haven't found the kind of leadership in private enterprise that I found in the '80s. Then, there was a cooperation between private enterprise and public leadership. Now, I have found SLC to be politically divided.

There have been some people working against this behind the scenes. The number one guy working against this stadium is Larry Miller.

DW: Have you moved into his turf?

DC: I think he's worried that the stadium might take some concerts away from the Delta Center.

I just have to step back and take a deep breath and try to get enough courage to try again.

If I do go forward, I'm going to find a way to do it without all these political people being involved. They tell me in my face that they support my efforts but then vote against me.

We will know by Aug. 12 if RSL is meant to stay in Utah.

[AreliusIV]

Originally Posted by Jose Luis Luviano

I want you to sit on that zoo fraternity of yours.

We need some people to back up Dave on this comment board. A bunch of wankers spouting off over there.

[Aerick]

Originally Posted by Jose Luis Luviano

I want you to sit on that zoo fraternity of yours.

Originally Posted by KSL

Miller says he never criticized the team publicly and only offered his views privately to public officials when asked.

On it's face, this seems a respectable thing to do, but I'd wager that you can do more harm by talking privately to public officials than talking openly to the general public.

[freedom]

Originally Posted by AreliusIV

Would someone explain to me why Uncle Dave can't chip in the $35M for infrastructure. Heck, he's already footing the rest of the $165M bill?

There are many reasons why $35-45m can be a deal breaker.

First, Dave may not have the $$ himself to put into the project right now.

In the private equity realm, there are things that lenders will and won't lend on. Infrastructure may not be high on Uncle Dave's lenders' list.

The amount could make the loan-to-value ratios, which are substantial in determining whether a loan is approved or not, above the lenders comfort level.

Chances are, the stadium will be collateralized by the developoment--meaning the other $350m development will be the collateral used to secure the stadium financing. Parts of the development could be sold to pay off the stadium; whereas the infrastructure is there to stay (and usually becomes city/county property/responsibility).

The private equity may be using the reaction/outcome of the stadium as a barometer for the balance of the development, and may not want to commit to a project facing this amount of adveristy.

Just a few reasons, private equity lenders tend to be quite fickle with projects--espcially projects this large.

[Deuce]

Originally Posted by Jose Luis Luviano

I want you to sit on that zoo fraternity of yours.

I noticed as well that Miller never denies it.

Originally Posted by LHM

"I don't think I have done what he suggests I did."

If he does not "think" he did it... then what does he think he did?

He never says he didn't do it...
Cos that would be lying wouldn't it?

Miller says he never criticized the team publicly and only offered his views privately to public officials when asked.

Umm isn't that like lobbying? Oh wait... it is lobbying...

so he admits he lobbied against the team and stadium privately... well then as Aerick points out... that does more damage than doing it publicly...

I am curious though... what ever happened to good investigative journalism?

This is going to be really interesting...

[AreliusIV]

My email to Councilman Wilde:

Dear Councilman Wilde:
If its true that you voted against the Real stadium because you didn't get $18M for WVC instead of the $15M that you got, I am writing to express how disappointed I am in your vote.

If that is the case then you are throwing away dollars to focus on the pennies.

Your vote has vetoed one of the states biggest developments and the opportunity to build a world-class soccer stadium.

If you voted no because you didn't get an additional $3M, then shame on you for not providing better leadership.

[Aerick]

Originally Posted by AureliusIV

We need some people to back up Dave on this comment board. A bunch of wankers spouting off over there.

Duty done. Hopefully I can do my small part to help edumacate some of these morons. WHY, WHY, WHY do we have to battle the uneducated masses on this issue over and over and over?!?!?!?!

AND, to make matters worse, lose to them in the end. AAARRRRRRGGGGGHHHHHHHH!!!!!

[AreliusIV]

Originally Posted by Aerick

Duty done. Hopefully I can do my small part to help edumacate some of these morons. WHY, WHY, WHY do we have to battle the uneducated masses on this issue over and over and over?!?!?!?!

AND, to make matters worse, lose to them in the end. AAARRRRRRGGGGGHHHHHHHH!!!!!

You can thank the awesome RSL PR machine for helping to educate the poor, huddled masses...