Time will tell if RSE can actually close. IMO, there are no real obstacles. The lease structure should be impervious to challenge; Old Man Library doesn't have the financial strength to be a player in the referendum game; the various other moon beam theories on open meeting violations, etc are just insanely stupid and well below 1% probability. I caught up a bit with the thread this morning and the highlight for me was whoever used the Red Dawn analogy. The BOH Army Paratroops deploying into Glendale to get signatures was really funny. After months of rigorous flight track training, BAP is mission-ready.
Anyway, FWIW, RSE is really just more proof of one thing: the market isn't viable for the NHL business model. I watched quite a bit of the council meeting video this morning. LeBlanc stated that RSE spent considerable time roaming the earth, trying to secure financing, and this is all they could come up with. It's not much of a surprise as legitimate lenders and investors have had an opportunity to participate in this for years and have consistently passed. It was a bit queasy when Anthony referred to himself as a "little school girl" during the session. However, I guess that's only the core issue showing up again; the operation is untenable and even with large scale public subsidization, RSE is what you get. Team Gosbee says they can close, maybe they can. Maybe they'll prove all the skeptics wrong and 180 the course. Or maybe they'll be back in front of Glendale again later, requesting $30MM per year from the city to operate their business
