Re: The Taxpayer Fraud in regards to the Yum! Center
I haven't read the whole report, but I suspect that if it is really as bad a deal as it is being made out to be, then the creditors will force it into bankruptcy. And if the deal sucks as bad as is stated, UofL will not want to exercise the right of first refusal to step into the current owners' shoes. So everyone takes a haircut, the lease gets reformed by a bankruptcy court, and the earth continues to spin.
And the city of Louisville will be, on the whole, better off for the YUM Center existing. And the state of Kentucky as a whole will have stolen slightly less from the city of Louisville than the way things currently stand (though I am sure they will make up for it very quickly).