I'm sure this is not an original thought but here goes anyway:
Im guessing the reason for the press conference was two-fold
1. MM and Gary are very excited about everything they laid out and
they have the capital and expertise to make it happen. Maybe they
do read this board and wanted to make sure that people inside and
outside the community realize Asbury has self sustaining momentum.
Momentum is important in real estate, particularly in light of the
current backdrop.
2. They realize that the only way to break a logjam (assuming one
actually exists) between city, partners, MM, Cherokee partners
etc... is to publically announce something of this magnitude such
that everyone realizes a plan is in place and actionable if only
everyone could agree on moving asbury forward as the goal and not
maximizing each and every parties revenue and profit potential. If
this goes forward, all of those parties will be better off for
sure. Everyone has to give a little so they have a smaller part of
something big and successful instead of trying to be 100% of
something disjointed and unsuccessful
I have no basis of fact for point number 2 but just thinking out
loud.
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