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11-07-2012, 06:14 PM
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Originally Posted by Whileee View Post
The inability to withdraw the funds that had been placed in escrow could also have been one of the reasons that the COG started transferring funds illegally, as pointed out in the audit report. Even if the NHL has not taken those funds, they are committed and tied up, so not available to Glendale for other expenses.

My expectation is that if a local sale is completed, the NHL's claim on the $25 million will proceed, if it hasn't been claimed out of escrow already.
I seriously doubt the illegal withdrawals aren't related Whileee. They involved actions by several departments

And the amount in escrow is $20 million, not 25. Remember there was the heated debate in council over the other 5.

btw..... no word back from the reporter yet.

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