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troutman · 05-22-2012, 02:08 PM

Playoffs Lure Coyotes Buyer as Losses Force City Firings

http://www.bloomberg.com/news/2012-0...e-workers.html

Among other obstacles: the Goldwater Institute, a Phoenix- based public policy research organization that advocates limited government, scuttled another potential deal last year with the threat of a lawsuit. Under that arrangement, Glendale planned to issue $100 million in bonds to purchase parking rights to the stadium from the new owner, a move that the institute charged ran afoul of the state constitution’s ban on gifts to private entities.

Byron Schlomach, chief economist at the institute, said the proposed management fee to the team is too high, because comparable facilities garner around $10 million. That could be reason for the group to sue, he said.

05-22-2012, 02:08 PM	#804
troutman Unfrozen Caveman Lawyer Join Date: Oct 2002 Location: Crowsnest Pass Exp:	Playoffs Lure Coyotes Buyer as Losses Force City Firings http://www.bloomberg.com/news/2012-0...e-workers.html Among other obstacles: the Goldwater Institute, a Phoenix- based public policy research organization that advocates limited government, scuttled another potential deal last year with the threat of a lawsuit. Under that arrangement, Glendale planned to issue $100 million in bonds to purchase parking rights to the stadium from the new owner, a move that the institute charged ran afoul of the state constitution’s ban on gifts to private entities. Byron Schlomach, chief economist at the institute, said the proposed management fee to the team is too high, because comparable facilities garner around $10 million. That could be reason for the group to sue, he said.