CL ponders financial risk of convention center hotel deal with TCI (NYSE: TCI ) – market cap

Convention center project not risk free

Small had been the lead developer on the project, but TCI Executive Vice President Al Crozier has led negotiations with the city since the start of the year.
It seems TCI has been in control of the project from the beginning, based on its annual reports.

But its financial filings also show a company in crisis.

TCI’s stock value has dropped sharply, and its net loss widened this year. The company lost $59.3 million through the first half of the year – $41.1 million in the second quarter.

Clarion Ledger
10/3/11