Quote:
Originally Posted by troutman
Why saddle Glendale taxpayers with risk?
http://www.winnipegfreepress.com/spe...118826079.html
Scottsdale Mayor Jim Lane penned an editorial on the weekend torching the deal between Glendale and Hulsizer.
"The reality of this risk is not fair to a community that already has put so much of its credit on the line for this single private franchise. Glendale taxpayers originally shelled out $180 million for the facility. The potential buyer, Matthew Hulsizer, has a great opportunity to rescue the Coyotes and respect the existing taxpayers' investment commitment. Hulsizer's success as a Chicago investment-fund manager has brought him personal wealth and access to financial capital to expand his business portfolio. As a man with considerable wealth, he has said, "I don't need the city's credit to buy the team." So why saddle Glendale taxpayers with risk in his personal investment in purchasing the team?"
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That is it in a nutshell. There is a quick and easy way to end this saga.
Use your own money.
The fact that he is unwilling to do so says it all.