RedIbis
Philosopher
- Joined
- Jul 22, 2007
- Messages
- 6,899
He will.
Because he still has to pay rent on space not being used. Just because the insurance money is currently covering it doesn't mean he's not going to go broke. Far from it. The longer he has to pay rents out of the insurance money, the less available to build.
The longer it takes to get something built, the more money owed.
He is going broke. He'll be lucky to break even.
Whether Larry eventually takes a loss or not, that's a helluva lot different than going broke. You do get that right?