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Resource ID: #17601
Subject: Financial Investigations
Source: KXLY-TV (Spokane, Wash.)
Affiliation: 
Date: Nov. 1999 through Dec. 2000

$0.00

Description

A KXLY-TV investigation into an overpriced parking garage leads Tom Grant and Adele Steiger to discover a complicated property scheme that diverted $10 million in public funds into a private project. The KXLY-TV team discovered that Spokane's most powerful family, the Cowles, used its leverage to get a the parking lot built through a public-private partnership. However, now the city is losing money from the deal while the Cowles are still reaping huge profits -- and the city's major media outlets, all owned by the Cowles, are refusing to investigate this issue's obvious conflicts of interest.

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