From Deseret News archives:
Outside firm to evaluate Real finances
The county's Debt Review Committee voted unanimously Tuesday to bring in someone from the outside to evaluate the team's financial viability. The move came after Salt Lake County Mayor Peter Corroon asked for an unbiased look to see if the team will be able to survive for years to come.
"We think it would be good for the public to see a truly independent analysis of the team and its finances," said Doug Willmore, the county's chief administrative officer.
A private consultant will review all aspects of the team's financial operation, including its investment partners, marketing plans and ownership details.
Corroon ordered the Debt Review Committee to investigate the team's finances after making a promise he wouldn't hand over $40 million in hotel taxes to the team without assurances that Real will stay in business.
A consultant has not yet been hired, but Corroon will likely sign one within the next week or so, Willmore said. After a 30-day investigation, the consultant's report will then go back to the Debt Review Committee.
County Auditor Sean Thomas, who sits on the committee, said the committee will then make a recommendation.
"It can be as broad as, 'This is a credible project and viable,' to as narrow as, 'There is a problem with parking,'" Thomas said.
The independent consultant will also help the mayor's fiscal staff and Debt Review Committee out by doing thorough analysis during an extremely busy time of the year in the county: budget season.
"We appreciate someone else being able to do some of the heavy lifting as far as the analysis," Willmore said. "We definitely would appreciate another pair of eyes on it to give us advice."
E-mail: ldethman@desnews.com
Comments
- Aggies beat Spartans in snowy Logan 4:31 a.m.
- TCU 55, Utah 28 4:24 a.m.
- BYU 24, New Mexico 19 4:21 a.m.
- Jazz game at a glance 3:00 a.m.
- Real Salt Lake: Game at a glance 3:00 a.m.
- Stanford ends Y's soccer season 2:20 a.m.
- Jazz hope D-Will returns soon 2:19 a.m.
- Snow, SUU lose 2:18 a.m.
- Toone saves day for Wildcats 2:15 a.m.
- Win in New Mexico good for Y? 2:15 a.m.
- Apostle's wife felt comfort in attack
- Can BYU root for (ick) Utah Utes?
- BYU happy to escape with victory
- Short-handed Jazz fly past Sixers
- Crash on snowy road kills woman
- D-Will home for daughter
- Utes excited for 'dream' game
- GameDay in Fort Worth
- Bench proves fruitful for Y.
- Born of water and the spirit
- SLC council OKs gay rights policies
358 - Editorial: Mormons and gay rights
200 - BYU happy to escape with victory
194 - Will state consider gay rights law?
148 - TCU creams U.
134 - Can BYU root for (ick) Utah Utes?
130 - Letters: Strange breed in Utah
129 - Utes remain silent about BCS
120 - Pratt pleads not guilty to sex charges
106 - Celtics crush Jazz
104
If you are looking for a bird on the cheap, the following specials from...
How do you handle kids and contests? Our oldest daughter, 7, is of the...
So Great!!! So Proud - Love RSL - Bring Home The CUP!!!!!
mr cannon's bold assertation that the purpose of the first ammendemnt as...
Great great great game!!!! Nicky Rimando is a god! We're the most complete...
I had the game on DVR and just watched it. That was the most exciting game...
financially cannot this year, but I will watch loyally, how great to hear...
This is hardly surprising. Bennett has a remarkable arrogance which is also...
I guess that is why "they play the game" as Herman Edwards would say.. ...
What was the score of the LSU vs LA tech game? Alot closer than you'd like to...
Has Fedor not said that THIS IS OUR YEAR all year long? Go back and...
This is just a small glimpse of the future with Obamacare: corruption, waste...

You can be the first to comment on this story.