It’s the Economy, Stupid
Wednesday, August 27th, 2008Not the lawsuit.Honest.
One day after Skretny’s ruling, one day after they claimed it would be business as usual. Construction and expansion at both the Buffalo and Salamanca sites have come to a halt.
In announcing the construction halt, Seneca Gaming cited the economy, capital market conditions, greater demand on the company’s cash, increased competition and growing construction costs.
And from the Citizens for a Better Buffalo?
Lippes said it would be speculation to say why the decision was reached, whether it was the economic conditions the Senecas pointed to in the SEC statement, or because their lenders were nervous about the lawsuit.
What do you think the delay on this one will be. Month, two months? Year? Or will it become an Issa-esque saga to be continued at a later date?