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troutman · 06-03-2011, 04:16 PM

Glendale economic report about Phoenix Coyotes kept private

http://www.azcentral.com/news/articl...s-private.html

Glendale is withholding a key economic report the city commissioned to persuade investors to finance its PhoenixCoyotes deal.

The report was prepared for the city's pitch to investors earlier this year when Glendale sought $116 million in financing from bond buyers. The money was needed to complete a 30-year lease at Jobing.com Arena with team buyer Matthew Hulsizer.

But the TL Hocking & Associates report could shed light on assumptions the City Council relied on to approve the deal with Hulsizer last December. And it could provide insight into how much money Glendale is expected to reap by keeping the hockey team in town.

The Arizona Republic five weeks ago filed a request with Glendale under the state's public-records law for the study.

The city denied the Republic's request three weeks later, saying the report was "protected" and it was "in the city's best interest not to release it."

06-03-2011, 04:16 PM	#2328
troutman Unfrozen Caveman Lawyer Join Date: Oct 2002 Location: Crowsnest Pass Exp:	Glendale economic report about Phoenix Coyotes kept private http://www.azcentral.com/news/articl...s-private.html Glendale is withholding a key economic report the city commissioned to persuade investors to finance its PhoenixCoyotes deal. The report was prepared for the city's pitch to investors earlier this year when Glendale sought $116 million in financing from bond buyers. The money was needed to complete a 30-year lease at Jobing.com Arena with team buyer Matthew Hulsizer. But the TL Hocking & Associates report could shed light on assumptions the City Council relied on to approve the deal with Hulsizer last December. And it could provide insight into how much money Glendale is expected to reap by keeping the hockey team in town. The Arizona Republic five weeks ago filed a request with Glendale under the state's public-records law for the study. The city denied the Republic's request three weeks later, saying the report was "protected" and it was "in the city's best interest not to release it."