The Joplin Globe took particular joy in parroting Seibert and saying there was nothing Prime could do to get back the $5 million it loaned to former master developer Wallace-Bajjali. When the city terminated its contract with Wallace-Bajjali, they said, it ended any debt the city might have owed to Prime despite the fact that the loan agreement included signatures from Mark Rohr, who was city manager at the time, and from a member of the Joplin Redevelopment Corporation.
KOAM's Jordan Aubey is reporting today that Prime may very well sue the city to get its $5 million back:
We asked Seibert if that was a fact or opinion by city hall.
"Well, I think we have legal opinion on that," says Seibert.
"It gets into some legal technicalities, but there are certain provisions which survived the termination of that agreement (Wallace Bajjali agreement), which are expressly set forth in that agreement (financial collateral agreement)," says (Prime attorney Richard) Walters.
Joplin could face litigation over this matter.
"That has not been determined yet," says Walters. "And we're looking for more of a positive solution to that, as opposed to litigation."