Broward auditor: $7.7M county loan to Panthers is "lopsided, misleading"
by Donny Rivette on Jan 17, 2012 8:56 PM EST
in Florida Panthers News & Analysis
Email
PrintMore local squabbling - with increasingly harsh rhetoric - over the Florida Panthers' latest loan request to Broward County for further upgrading of the BAC. From the Sun-Sentinel's Brittany Wallman:
The county is poised to lend the National Hockey League club’s sister company $7.7 million to renovate the BankAtlantic Center in Sunrise. But the proposed deal is "lopsided,’’ "misleading,’’ an "illusion’’ put before taxpayers, County Auditor Evan Lukic said.
"It is really, really troubling,’’ Lukic said in an interview Tuesday. "This is not a good deal.’’
Lukic’s biting financial analysis derailed a County Commission vote last week on the loan, and provided fresh fodder for the debate about whether Broward’s subsidy of a professional hockey franchise has been a good deal for taxpayers.
Lots more on the history of the club's past dealings with Broward, including current political misgivings over what got them to this point, via the Sentinel.
7 comments
|
0 recs |
Do you like this story?
Comments
Hurrah for mathematics!!! Good to know there are some folks who can still stop this loan from happening AND put the politicians who were in support of it under the spot light. Lobbying dollars wasted that the SSE could have put back into their own company to improve the arena without trying to find someone else to pay the bill. Still hoping for Club Dead.
I hereby predict Captain Mike Weaver #43 will score 6G 20A -RCR 0G10A 1/17
Be impeccable with your word, don't take anything personally, don't make assumptions, always do your best...
So with a $117 million dollar profit, they can’t channel any of those funds to do a little upgrading?
And I love how the whole scoreboard issue has totally disappeared and we’re talking luxury level upgrades, forget the rest of us.
Seeing Red since 1994.
Been away busy with work, but read this in the Sentinel on break. I’ve said it before, the Panthers are using b.s. accounting to look for a hand out, similar to the Marlins. The county needs to stop giving the organization a hand out with the arena, especially when its consistently one of the busiest in the nation for events, according to Pollstar.com.
Comments For This Post Are Closed
Secondary Sidebar
User Tools
Related FanPosts on Litter Box Cats
FanPosts
Community blog posts and discussion.
Recent FanPosts
