Creditors will divide what's left. Surely both state and county will get part ownership of the Gateway assets. As is frequently done in the breakup of any other business partnership, one partner, presumably the county, will want to buy out the other. Then we can return control of this publicly-funded complex to a public authority, where it should have been all along. Then Gateway will be subject to open meetings and open records laws, and Gateway management will report to either the County Administrator or the Commissioners themselves.
Nothing encourages accountability like openness.
I guess Rokakis deserves some slack on the matter. Since graduating from Oberlin at the age of 22, he's never not held public office. Now over 40, Rokakis has distinguished himself in the treasurer's office mainly by not being Frank Gaul. With that lack of real-world experience, perhaps it's not so surprising that he's surprised. Businesses that plan by wishful thinking go away or get bought on the cheap.