But another employee said that some last-minute agreement or change in the economy might yet save the plant.
In court depositions, the company was later to say that the agreement had saved it $24 million a year.
The agreement would save the city $70 million but would fall far short of the savings the Mayor had sought.
In such cases a written agreement can strengthen your case and perhaps save you some money.
The agreement will save his company at least $12,500 a year in fees, he said.
The agreement did not save Pan Am, which went out of business in 1991.
They added that an agreement with the union to shift health care to a less expensive provider would save the transit agency about $2.6 million.
The agreement on health premiums will save the authority nearly $32 million a year.
The agreement saves about 3,000 acres of prairie dog habitat.
Officials said the agreement saved 6 to 10 years of court battles.