The project is now entering its third year, and the city hasrepeatedly requested additional financial information fromdeveloper Steve Ellman, who heads up The Ellman Companies based inPhoenix. The city has a $100-million investment of public money atstake and wants assurance that Ellman has the wherewithal tocomplete the project.
The council met for five hours to discuss the problem. "I sawhow they were struggling to make a decision, so I suggested thecity manager meet with us," says Bob Kaufman, a senior VP forEllman's firm.
Ellman has already handed over reams of information, but haswithheld some of the most telling. The company is privately held,and Ellman has a reputation for shunning the spotlight.
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