On Friday, January 5, Comptroller Darlene Green released a statement announcing a settlement that resolves the lawsuit that Scottrade’s owner Kiel Partners filed against her in August, after she refused to sign off on the deal’s financing agreement and bonds because it would hurt the city’s credit rating.

“This declining position is especially concerning, as the comptroller notes that the Scottrade bonds hadn’t been signed,” the group states, “which would have added another $64 million in obligations to the city’s books.”

Some of the dramatic decline could be attributed to the large debt load that was taken on in order to win the NGA site selection process, Team TIF stated.

Let’s go back the August 24th Political Eye titled, “All kinds of messed up on the Scottrade deal.” That was a lengthy review of the squabbles between the Green, Mayor Lyda Krewson and City Treasurer Tishaura Jones .

Basically, if the public is going to dole out money for stadiums, then those sport teams’ owners need to give something back to the community – other than promises of new revenues from area hotels and restaurants, etc.