Considering that Matthews hand picked managements is now in the charge of the hotel and this mess has been created and now he is looking to refinance and the banks might requireMarriott to return to managing the hotel as a condition for refinancing. I don think tha is too far fetched. Marriott is a gold standard and Matthews is not.
Also, can anyone say with absolute certainty that the city employees pension fund was put up as collateral, in any way, for this project?