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Predators tax issue not an issue after all

As an update to this morning's story about the Nashville Predators possibly underpaying the ticket tax that they provide to the Nashville Metro government, the Tennessean reports this afternoon that the discrepancy is due to a mistake made in the approved version of the Sommet Center lease. This admission comes from Larry Thrailkill, the lawyer who represented the city in the negotiations.

Under the terms of the old lease the team could pay 5 percent of the ticket price or a $1.75 – whichever was less. In an e-mail this afternoon to The Tennessean, Thrailkill said the lawyers had meant for the language in the new lease to include the 5 percent but it was omitted. It was the document that the Metro Council approved last year. Thrailkill said the language needed to be corrected.

"Due to a mutual misunderstanding by the lawyers, the Amended and Restated documents omitted the 5% language," Thrailkill said. "You have identified this mistake in the drafting and it should be addressed and corrected; however, the parties have charged, collected and paid the seat use charge consistent with the intentions of the parties to the negotiation and the term sheet."

In other words... "oops!" It appears that the team is indeed paying what it is supposed to. Is Tennessean reporter Brad Schrade still pushing the "pro sports team screwing the city" angle, however?

In a remarkable admission, Metro’s chief negotiator in the Nashville Predators deal said today that he and the team’s lawyers with Waller Landsen Dortch and Davis, who all drafted and reviewed the team’s renegotiated lease with Metro for use of the Sommet Center, messed up.

And the taxpayers of Davidson County may be poorer for it.

The statement from Thrailkill says that everything is working as intended, just that the document needs to be fixed. it turns out that the $400,000 that Schrade thought he had found the city was never out there, but it seems like he's trying to beat that drum anyway.

 

 

 

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Misleading and inflamatory news

The paper needs to own up to its mistake. It needs to publish a front page apology to the organization and its fans. The “reporter” should be held up to ethical and moral standards.

by EXPECTATIONS on Mar 19, 2009 4:18 PM EDT reply actions  

Thanks for setting the story straight

It is unbelievable that the Tennessean hammered the Predators once again on something that was undeserved. What appeared to be good investigative journalism on the front end has now been determined groundless. A couple of extra questions before putting out yesterday’s news flash might have avoided the entire waste of newsprint. Every newspaper north of the border will hammer on this for weeks as they will never see the retraction. Maybe as part of the Tennessean’s cost cutting strategy they figure if they drive the Preds out of town there will be one less beat to have to cover.

Buddy Oakes

by PredsOnTheGlass on Mar 19, 2009 4:26 PM EDT reply actions  

Brad Schrade has some egg on his face over this one, for sure. It sounds like he (quite understandably) thought he was onto a major scoop, and was going to find the city a $400K pot o’ gold. He checked with the team, which seemed surprised by the situation, and the Sports Authority, which shrugged its shoulders and said “I dunno.” So he ran with the story last night before checking in with (or hearing back from) the guy closest to the city’s interest in the lease, attorney Larry Thrailkill. Now it turns out that it’s just a mistake in the lease, and that there’s little more than a typo that needs to get fixed.

So Schrade’s still taking the “taxpayers may be poorer for it” angle, which makes no sense at all. It’s just a distraction from his own mistake.

More fun than a stick to the face!
On the Forecheck is SB Nation's blog covering the Nashville Predators.

by Dirk Hoag on Mar 19, 2009 4:54 PM EDT up reply actions  

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