The banks are forcing their hand then because the new agreement stipulates that this ratio fall by half in the next year. That won't come from just track closures or increased attendance. They will have to stop screw ups like wasting money on takeover attempts and dumb capital expenditures that haven't increased attendance one iota. At the very least we are going to see substantial debt pay down/operational improvements in the next year. This is an embarrassing to have to ask for a break on loan covenants every year.