Mayor Jim Watson wants to have sole negotiating responsibility along with city manager Steve Kanellakos to work out a deal with the Senators and the National Capital Commission on the project:
The City of Ottawa has a real conflict of interest on any matter that involves a privately funded (in whole or in part) entertainment facility within Ottawa by virtue of its $125-million-plus expenditure on Lansdowne.
That has (the illusion of) a future revenue stream that will feed into Ottawa’s $3-billion-plus operating budget. No resolution, instruction (fill in any noun you want mayor, it will not change the following conclusion) passed by council will change that conflict of interest.
It reminds me of the defence put forward by Andy Fastow, the then CFO of Enron, during his fraud trial, that since Enron’s board of directors gave him permission to be in a conflict of interest, he was no longer in a conflict of interest. Feel free to ask Fastow how that turned out.
Mind you, the above lecture is directed at a group of elected officials who, collectively though not necessarily individually, do not comprehend that accepting election campaign funds from organizations, or the principals thereof, that do business with the City of Ottawa creates a conflict of interest.
Back to The Bulldog’s home page, click here.
To comment on this post, use the reply box at the bottom of this page.