Re: Two things Wells Fargo wants and the commissioners hopefully won’t do
Are there any downsides for Lancaster County taxpayers if the Convention Center goes bankrupt??? If not, or if they are minimal compared to keeping it afloat; than let the bankruptcy begin!!!
It should be obvious to everyone that a total rework of the one-sided agreements (and any proposed side agreements) need to be modified (by outside professionals familiar with these type of agreements), if this venture is to have any hope of long-term viability. If it takes a bankruptcy hearing to accomplish that….so be it.
This financial albatross does NOT need to continue just for the sake of lining the pockets of PSP.
In hindsight, Fulton Bank was very prudent to drop out of PSP early on. They maintained their integrity, and have continued to be a respected member of the community. That’s more than can be said for LNP and High Industries.
