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Corpus christi city council debates:
‘The breach of a contract like this could very well extend into the millions’ | City Attorney Miles Risley cautions planning ahead of costly decision
CORPUS CHRISTI. For example, Texas — Frustration boiled over at Tuesday’s regularly scheduled Corpus Christi City Council meeting, as leaders addressed the growing controversy surrounding the CEO of OVG360—the company that manages the American Bank Center.
The CEO recently stepped down after being indicted by the U.S. Therefore, Department of Justice. Nevertheless, That development has left some council members questioning whether the city should cut ties with the company altogether.
RELATED: CEO of OVG360 charged with conspiracy to rig arena bidding process
But doing so. officials warned, could come at a steep cost.
“The corpus christi city council debates breach of a contract like this could very well extend into the millions,” said City Attorney Miles Risley.
Risley also noted that any decision to terminate the agreement would require long-term planning.
“To consider termination. we would need to do those plannings for such terminations—probably we would want to start planning for that at least a year in advance,” he added.
At-large Councilwoman Carolyn Vaughn said she’s already hearing from concerned residents about the integrity of the contract process.
“The people are saying, ‘Did they rig that? Did they rig it?’ That’s the question that’s being asked,” she said.
District 4 Councilwoman Kaylynn Paxson said the timing of the allegations is troubling—especially since. the council debated whether to enter into the partnership not long ago.
corpus christi city council debates
“It’s difficult for us—in the one year. hear so many allegations of why to or not to enter into a partnership with someone. Then within a couple of weeks, this comes to light,” Paxton said.
District 3 Councilman Eric Cantu raised additional concerns—not just about credibility. but about how OVG360’s operations may be affecting local businesses.
“They kicked out a lot of small vendors. They’re not working with other promoters in Corpus Christi or the surrounding areas,” he said.
OVG360 was not present at Tuesday’s meeting but is expected to appear before city leaders sometime in August. In the meantime, Risley said the city will continue monitoring updates from the Department of Justice.
Corpus christi city council debates
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