socal78
Well-known member
aquabliss said:Didn't even notice when I skimmed through the proposal that Donald Bren is offering the Land, Buildings, entitlements to Bezos for ...... FREE!
http://www.businessinsider.com/amazon-jeff-bezos-hq2-donald-bren-irvine-2017-10
Guys. There's no such thing as free. I'm not blaming you, Aquabliss. I'm blaming the lazy journalist and editor of the Business Insider article. It appears they did not read past the first few pages of the proposal.
See the bottom of page 53 to the top of page 54 of the proposal. TIC buried it in the back, on the very last page (heh). Yes, they would come up with the financing so that Amazon does not need a substantial outlay of upfront equity. However, TIC wants to be viewed as a long-term bond holder. They intend to create a long-term, albeit staggered, lease with Amazon. They want to receive a stream of payments from Amazon over a period of time. We can only guess how much the payments would end up running on a facility of that magnitude and in that locale. They used the term "long-term" about four or five times in that one section alone so it's safe to say the deal would be fairly, um, long-term.