Found October 19, 2011 on
Ball Don't Lie:
It's not just the direct or workers tangential to game operations that stand to lose a chunk of change if the NBA continues with its lockout. The city of Memphis is considering bringing a lawsuit against the NBA if the league cancels more games, or the 2011-12 season. The Memphis Grizzlies needed city bonds to help put together their home at the FedEx Forum, and the city's taxpayers stand to foot a hefty bill if game revenue isn't achieved this season.
From MyFox Memphis, via ClutchFans:
Research is still being done, but early estimates indicate taxpayers could have to pay $18 million in bond payments if the entire season is cancelled.
At the suggestion of Chairman Myron Lowery, the council approved a resolution that would ask City Council Attorney Allan Wade to explore all options, including a lawsuit against the NBA.
"Should this lockout stay until December, then there's a very big bill there that the city of Memphis will be responsible for," said Counci...
Original Story:
http://sports.yahoo.com/nba/blog/ball...
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