Public Funds, Private Profits

Number 17601
Subject Financial Investigations
Source KXLY-TV (Spokane, Wash.)
State Washington
Year 2000
Publication Date Nov. 1999 through Dec. 2000
Summary 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.
Category Contest Entry
Pages 225
Keywords TAPE;TRANSCRIPT;Spokane;Washington;Cowles;money;finances;public funds;profits
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