Friday, March 4, 2011

Glendale Still Blaming Goldwater

Glendale Mayor Elaine Scruggs is accusing Goldwater Institute of "significantly hindering" completion of the sale of the Phoenix Coyotes to Matthew Hulsizer.


Scruggs made the accusation at a news conference saying the city has provided the institute with thousands of pages of documents- 400 pages of stuff since last week.

Here's a podcast of her presser where she didn't take any questions...

Again... interesting that it was posted on the Coyotes website...

Scruggs is also hot over the idea that Goldwater is telling any bond-rating agencies that the city's agreement on a new lease for the Coyotes violates the Arizona constitution, and to stay as far away from it as possible.

In response, the Goldwater Institute referred to an Op-Ed piece in Thursday's Arizona Republic by institute president Darcy Olsen saying it would be wrong to give Glendale "a free pass" to break state law.

From Olsen's Op-Ed:
According to Moody's, the credit-rating agency, Glendale's mounting debt already is triple the national median for cities of its size.

Is it any wonder that Moody's downgraded Glendale's debt when it caught wind of the city's plan to issue another $116 million in bonds? Moody's said the "municipal market faces credit pressure not seen since the Great Depression." I suppose Moody's should back off, too.

Here's an interview TSN's Geno Reda had with Winnipeg Free Press Writer Gary Lawless on the latest salvo in she said-they said from Reda's "That's Hockey"...
((HT: TSN/youtube))

Remember, Goldwater is also exposing the review of the bond benefits by TL Hocking on arena as a shenanigan since the publicly-funded arena that hosts the CHL's Arizona Sundogs is turning out not to meet financial expectations, either.

Hocking wrote that report...

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