When you start looking at what we know about the Jordan Foster deal, you'll realize it's not normal transaction. One company is basically ending and a new one with the same employees is beginning. Get that? It's hard to wrap you head around, but in the construction world things like this happen from time to time.
While everyone is shaking their head in disgust, I'm trying to find the good in this deal. I know, it looks bad. Hell, it looks a lot like a scenario I laid out for the original PDN $100 million arena project. You know, the whole thing where you trick the city into paying you to build something they don't need and you run off with the profits. Believe me - I know how it works. However, this is not what's happening here.
Think for a second about a Foster controlled construction company petitioning the city for massive change orders at this point... yeah, not something that would go over well and likely be voted down. Word on the street is that MountainStar is on the hook for anymore expenses. Everyone knows that this has not gone well and those up for reelection in 2014 don't want to find out whether or not I'm correct as to why everybody voted for Leeser over Ortega.
Look at the possibilities here. Foster and Hunt might want some more things for the ballpark and they'd have to pay a marked-up price on those things to Jordan. Both Foster and Hunt know what it's like to be the middle man. They both know that sometimes you have to buy the middle man. Maybe thats' what happened here.
If they want to upgrade the seats to a nicer material, they don't have to ask the city. All they have to do offer the city a "submittal" or official product specification sheet that proves it meets or exceeds design standards and the city must accept it. Cost overruns can be eaten by Foster who have to eat them anyway. Now he's not paying a premium for them.
How does that benefit you? Foster and Hunt don't own the stadium. Whatever they do on their tab is your gain - technically speaking. If they decide to sink $15 million more dollars into the stadium they don't own - you win. You own it.
Bottom line - Foster takes over for a guy who was looking to sell in the first place. He (the guy who used to have the construction company) just happened to have the ballpark deal and a former employee who was indicted out on the street willing to talk some criminal business he may, or may not, have been in. Foster gets to build the stadium he wants without bothering taxpayers any further and you get to own that gem in the end.
Maybe that's what has happened here.