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Casino Greed 7/12/2007 Tony Lawrence

Tribe rejects Middleboro's counter-offer

OK, I know some folks aren't going to like this, but I have to reference that old saying about "a bird in the hand".

Seven million dollars isn't chump change. It may not be the "right" figure, but whatever the figure is, I'd personally rather have a guarantee (with inflation protection) than a percentage. Why? Because I think there are more casinos coming behind this one - it's supply and demand, and while the demand probably stays fairly constant, supply is likely to increase, and if that's true, a percentage of revenues is going to be worth less and less.

Maybe we need more than 7 million. I don't know, but I'm pretty sure we don't need tens of millions or hundreds of milliions. Another phrase comes to mind about killing a certain goose who laid unusual eggs.

It's bad enough that Middleboro may screw up this opportunity because of the opposition of people who don't see reality; it's going to be really disgusting if it is screwed up by unbridled greed.

Send comments and new posts to tony@aplawrence.com



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