The bulk of the lengthy meeting was consumed by concern that Penn Square Partners was going to drop out of the project. They had found an $8 million shortfall in what they were able to invest in the new Convention Center project. The word was that if the Authority couldn’t find another $8 million Penn Square Partners were going to pull out.
That dire news may have been good news, however, for Hazard. The Authority never again discussed the issue in public. Whatever happened to solve it was done out of the public's eye.