Thursday, October 27, 2022

CSL admits UNP Arena district feasibility study update is not feasibility report

October 27, 2022 

[Before the "Can You Believe the Arena-Entertainment District Hype?" episodes began... 

You can't make this up... Who would sign a contract that starts with this statement?  

"Conventions, Sports & Leisure International ("CSL") is pleased to provide a a feasibility study update for a proposed arena to be located at University North Park. This study represents and update of a previous study conducted for Cleveland County conducted in 2015."

And then includes this statement:

“It is expressly understood that (a) CSL’s reports, suggestions, analysis and conclusions if any, do not, in whole or in part, constitute a fairness or solvency opinion or a feasibility report…”

So a feasibility report update but not a feasibility report?

Who signed this? Members of Cleveland County Industrial Authority: Commissioner Rod Cleveland (up for re-election)

Commissioner Darry Stacy 

Mayor Larry Heikkila

Charles Thompson

Commission Harold Haralson (did not win primary)

Source: December 29, 2021 Industrial Authority Board Meeting and CSL Scope of Services Agreement.

WHO OWNS ARENAS THAT HOST SEC BASKETBALL? There is only ONE SEC basketball arena that is publicly owned, Rupp Arena hosts University of Kent...