Winston-Salem, Business, News, Events, Greensboro, Technology, IT Services

Reports have surfaced that a “closed door” meeting was held on Friday in which all parties were to finalize everything on the mud bowel, I mean Stadium. At a reported meeting held at Womble Carlyle the final touches were put in place for what is now a $48.7 million dollar stadium project. If all parties agree and the banks sign off the city will be ready to announce on Monday the deal is done and construction will resume.

Of course we don’t know who was at this meeting, who the investors are and what deals are being struck as the Mayor has kept all these meeting closed and private. This is very likely a violation of North Caroline Sunshine Laws which are there to protect the openness of Government. There are exceptions to when a meeting may be closed to the public however considering this is a known transaction and there are no secrets as to the design plans and property assessments it would be this layman’s call that there is no legal right to be holding these meetings behind closed doors. Even if they are refusing to admit the public or the press the law is still very clear that the minutes of such a meeting must be kept and I have personally requested the Winston-Salem Journal to step up and do what’s right for the public and make a request for those minutes. Granted any citizen could make such a request but I think we all know how far the average citizen would get compared to The Journal or one of the local stations. If anyone has a direct line to one of the local stations I urge you to make the same request to them.

What we do know is the deal involves at least four banks and dozens of private investors who have put in at least $50,000.00 each. What we don’t know is who those investors are and what terms they are getting. We know the city has taken out at least another $12.7 million loan but we don’t know what guarantees the city has on ever collecting on their investment. We also know that Prim and Filipowski were the original partners but due to a falling out and messy divorce we don’t know any of the terms or agreements in place between the former partners or Veronica Filipowski. Basically the public has been kept completely in the dark on a deal which is using public money, public tax incentives, public federal money, and so on and so on. Are you seeing a trend here?

Your “public” Government at work.

Be Sociable, Share!
Leave a Reply

You must be logged in to post a comment. Login »

Optimization WordPress Plugins & Solutions by W3 EDGE