At the LCCCA board meeting on January 31, 2007, financial advisor Tom Beckett publicly admitted the risk associated with the proposed bond sale as negotiated with Wachovia Bank. Mr. Beckett stated that if the proposed convention center does NOT meet its "debt service coverage ratio" at any time over the next five years, Wachovia would have the right (by virtue of its five-year $45 million guarantee) to "call" the bonds. However, Mr. Beckett explained at length that as issuer of the proposed bonds, Wachovia is far more likely to "rectify the situation", rather than end up owning the bonds. This could include demanding changes in the way the proposed convention center would be operated, claiming the Pennsylvania Dutch Convention and Visitors Bureau's share of the "hotel tax", claiming Lancaster County's $20 million guarantee of the proposed bonds, or (as Mr. Beckett put it) "Go to the County Commissioners and go begging".

Mr. Beckett stated repeatedly that Wachovia is now a "partner" in the project. Wachovia has already demanded changes in the agreement between the RACL and Interstate Hotels, the anticipated operator of both the proposed hotel and the proposed convention center. By selling these bonds in this way, the LCCCA is handing financial control of the project over to Wachovia.