With less than a month until the Rivers Casino opens in Pittsburgh the slots parlor is facing a $7.5 million payment due this October for its share of the hockey arena debt service. Predictably, casino owner Neil Bluhm is balking at making his first payment so quickly. Instead he insists that his first installment is not due until 2010 at the earliest and possibly not until 2012. Will this be settled amicably or through the courts?
News accounts quote the City Controller as saying, "We are talking potential calamity here…" referring to the City’s accounting system. The City’s ability to pay bills or even know where its money and other assets are could be lost. How utterly Pittsburgh this is; totally irresponsible when it comes to managing itself. Little wonder the City is in financial distress, it apparently cannot even concern itself with the most basic of management priorities-making sure the bookkeeping is done accurately, securely and in a timely manner.