I hate the deal she is willing to accept to get the line built. The endeavor is spun off so Taggart can distance itself, and she is expected to raise her own capital and assume all risk of failure. No problem so far. But....she has to sign that if it's a success she'll transfer ownership back to TT and get no more than reimbursement of her costs. She is expected to assume all the risks in return for no upside if she succeeds. I've turned down contracts like that. She shouldn't have let Jim get away with that, no matter how bad she wanted the line built.
Kind of the flip-side of people buying houses they couldn't afford with no money down: they get to keep the profits if the value of the home goes up, yet get bailed out if the value goes down.