Fairly further said that, when considering the $260 million price tag of the civic center project and the additional hundreds of millions of dollars in interest, he has a hard time believing “those folks are worried about six million dollars. My attorneys told me this was a possibility from the very beginning,” said Fairly in a video update. Fairly initiated the lawsuit in April, claiming that the city’s choice of Chapter 1431 financing is simply an attempt to side-step voters who defeated the Prop A Civic Center bond in November of 2020. This is the latest development in Fairly’s ongoing litigation against the city regarding funding for civic center renovations.

According to the city, they are requesting this as insurance in case the city is successful at defeating Fairly’s lawsuit but interest rates increase before the city is able to close on anticipatory notes. If the city’s motion is successful, Alex Fairly would be required to post $6 million. A hearing is scheduled for 9:00 am on Thursday morning in the 47th District Court in Potter County following a “security against suit” motion by the city’s legal team.

Amarillo radar in motion