In L.A., Rong-Gong Lin II reported the L.A. Coliseum Commission is "suing its former auditor for more than" $11M, alleging that it "failed to detect errors in financial statements between 2007 and 2011, a time when alleged corruption ensnared the taxpayer-owned agency." The suit, filed Thursday in L.A. Superior Court, claims California-based SingerLewak's "incompetent auditing and accounting services effectively protected the corrupt former employees and promoters." The allegations refer in "part to how a manager allegedly received" about $2M from rave companies to "help them stage the dance concerts at the Coliseum and adjacent Sports Arena" (LATIMES,.com, 2/14).
POWER PLAY: A BUFFALO NEWS editorial states the Sabres' plan to "significantly upgrade the team’s proposed hockey destination on the waterfront is worthy of support and the tax incentives being requested." The HARBORcenter project would "draw not only hockey and figure skating enthusiasts, professional and amateur, but also will be available for city schoolchildren and local organizations." This is the kind of "out-of-the-box thinking that will benefit downtown and add value to Erie Canal Harbor" (BUFFALO NEWS, 2/15).
THE NAME GAME: In Atlanta, Doug Roberson reported Fifth Third Bank and Kennesaw State Univ. have agreed to a 10-year, $5M deal that gives the bank "naming rights to KSU Stadium, where the football team will play" beginning in '15. Fifth Third also will "receive sponsorship recognition at the KSU Convocation Center, Bailey Field and Stillwell Stadium, in addition to being the 'official bank of Kennesaw State'" (AJC.com, 2/14).