Edit: I believe this is an insignificant number of folks and the ability to get more folks on board with say a 1/2 season at a new barn may override any issues.
This edit was posted after TL’s “like”, so he may not agree.
Friedman didn’t write this.
I mean it's an auction, right? Even if someone else does try to bid on this, one would think there would be a glowering representative of AM matching every bid for quite a while. Not like someone's gonna swoop it up for like a bargain price of "only" $70M and AM will say "welp. i tried." Doesn't have that feel.
Only thing I know, is you never know what's going to happen at auction.
Yeah, doesn’t seem real that someone would show up and bid 20% over asking. And yet it also doesn’t seem real that AM would lose the auction over the price being $82.2 rather than $68.5.
Essentially that’s what’s happening/going to happen. The auction is the first step in a long relationship.
One thing I know attending many auctions is if you want something you may have to pay more than you thought and you have to be ready for that. For AM it might sting at the moment he wins the bid and had to overpay, but it won't last long as he knows his ROI will increase every year.
Also, this property is 100 acres, more than twice the size of Tempe where AM was on the hook for I think it was something like 50mil. to clean up that site. Even if AM has to over pay the appraised value he is still coming out ahead. I guess it comes down if you think both locations are equal.
This type of auction rarely has more than one bid.
Land remediation estimated starting point for TED was 73million. And that’s where the sales tax deferments came into play. To help cover the remediation cost over team.
Well there’s an obvious portion of the public out there that “sure as shit” knows what will happen.
Because we as coyotes fans always must assume the worst case scenario
Too many variables, I’ve been to countless auctions where items, animals, whatever go for far less than they should and often times things go for far more than they should. Happens far more at estate sales, equipment auctions etc., than with cattle, but it happens frequently. That’s why they have reserves etc.
VAI is going to fail, 100%. BK Court bound.
Guess you ain't aware of what's going on in northern Peoria.
I disagree. They have many amenities that other hotels don't offer.
)
