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Re: IMC rumor [Jackb]
Jackb wrote:
So why did WTC take the race from Fraser in the first place this spring?

Is it not WTC fault for not reading the contract Fraser had with Penticton about transferring the race to a third party?



WTC indicated that they “purchased” the license back from Graham Fraser (Graham may have a different version of events on that point) and were aware that the terms included a provision that the City of Penticton could refuse the transfer.

The problem is that for whatever reason (I could speculate of course) WTC did not formerly approach Penticton with a proposal going forward until late last week. In fact WTC officials only flew into Penticton to meet with the City and the evaluation task force on Monday of this week for the first time ever.

From my perspective once Mr. Messick seemed to comprehend the potential consequences of having waited so long to formerly approach Penticton in person, he flew in on Wednesday and presented a substantially revised offer.

The Mayor and Council, in part based on a recommendation from the Task Force committee, made the decision to go with what they felt was a better direction for the race, for the competitors, and for Penticton taxpayers. I can’t get into the terms of either agreement but ultimately I would submit and I am certain City council all agree (many have said so) why on earth WTC waited so long to attempt to secure the future of this race is beyond any of us and only Mr. Messick can answer the reason for the delay on the part of WTC.

That is the ultimately how this played out, although there are of course the usual legal threats going on behind the scenes at the moment and clearly a few people on here have a solid grasp at what direction that is coming from.
Last edited by: Pentictonite: Aug 24, 12 7:32

Edit Log:

  • Post edited by Pentictonite (Big Pines) on Aug 24, 12 7:32