From Deseret News archives:
Hearings on a US Airways takeover sought by 3 on Salt Lake County Council
Randy Horiuchi, Jenny Wilson and Joe Hatch said Wednesday they will ask the council to schedule public hearings on the matter so that the county's "voice is heard, and that all the facts are presented."
"We are the custodians, if you will, of a lot of the state's tourist industry," Horiuchi said. "The Salt Palace is under our jurisdiction. We manage it. Delta is such an important cog and piece of our strategy to go out and get conventions to come to the Salt Palace, so (a Delta/US Airways deal) has enormous ramifications. One of our biggest selling points has been the convenience of Salt Lake and having a Delta hub here."
Delta filed its reorganization plan Tuesday, calling for it to emerge from bankruptcy next spring as a stand-alone company, formally rejecting a $8.5 billion takeover bid from US Airways. US Airways responded shortly thereafter, saying it is still in the hunt as "a disciplined and determined bidder."
Jeff Allen, who will take his seat on the Salt Lake County Council in January, said he likes that the group is asking questions. But he has some of his own.
Horiuchi said he has already begun looking into those issues.
"We're investigating what our material opportunities would be to affect this business buyout," he said.
The council may not be able to intervene or prevent a takeover, but Horiuchi said it may look into how it may affect certain things put in place in years past to advantage or lure Delta fly-over tax rulings passed seven years ago, for example. And he's looking into whether the council has subpoena power to compel US Airways officials and others to participate in the hearings.
The trio's efforts are still preliminary, Horiuchi emphasized. They're still learning about what a potential takeover would look like, he said, and the process involved. But after Tuesday's anti-merger rally at Salt Lake City International Airport and the Salt Lake City Council's letter sent earlier this month supporting Delta, Horiuchi said they thought it was time for the County Council to get involved.
Comments
- Prep football: Felt's Facts Week 11:03 a.m.
- Weiss new Tour of Utah director 10:54 a.m.
- Moguls skier Jeremy Bloom retires 10:51 a.m.
- Police probe synagogue vandalism 10:44 a.m.
- O'Connor's husband dies 10:36 a.m.
- Russia launches program for tigers 10:35 a.m.
- Veterans Day in Afghanistan 10:34 a.m.
- Drug industry presses FDA 10:31 a.m.
- Obama honors veterans 10:29 a.m.
- New dinosaur species found 10:21 a.m.
- SLC council OKs gay rights policies
- Pratt pleads not guilty to sex charges
- Utah Jazz have a problem at point
- Utah group finds homes for orphans
- Wyoming writer amazed by BYU
- 'Love story' of crash victim ends
- Hair-pulling raises more questions
- Y. tight ends talented tandem
- 4 Jazz players make All-Star ballot
- 12 Utes return to Texas
- House passes health care bill
268 - TCU showdown has big implications
188 - Lobo suspended
185 - Senators want food tax restored
157 - Cougars crush hapless Cowboys
155 - Utah Jazz fall apart against Kings
131 - TCU 4th in AP poll; U. 16th, Y. 22nd
119 - SLC council OKs gay rights policies
112 - No 'backlash' for pioneers, gays analogy
107 - S.L. vote pending on gay protections
106
Maybe someone out there can help me understand how raising the state...
The question here is who can best ensure that legislators represent the...
Tax the food, let the poor go on food stamps? What a joke! That doesn't solve...
Maybe all the lousy ant-gay PR Utah and SLC has had for a few years (since...
Dont you see it? Healthy debate is fine, but these people are dividing our...
There are 7 Countries in the World that Same-Sex Marriage is Legal, there a...
I don't care if your a lawyer or not. The government does not have the right...
" It is also strange, that Roman, Greek and other civilizations that accepted...
I worry a little about Hall getting hurt but he has been playing extremely...
If that kind of "retaliation" happened "all the time" in soccer then why is...
Antibiotics do nothing for a viral infection. Antibiotics treat a bacterial...


You can be the first to comment on this story.