The race is on!
A report in today's LA Times states that Bill Burke - husband of LA County Supervisor Yvonne Braithwaite Burke - and his business partner - stand to make $15 million in cash and stock on the deal.
At issue is $370,000 in city service waivers the marathon receives. Now that Burke's company is flush with cash, some Council members feel these waivers should end. As well, the company taking over the marathon runs several other marathons nationally. As a professional concern, do they need this corporate welfare when Councilwoman Greuel is looking under the sofa cushions to find spare change for police?
"There were five different marathons before Marie and I came along, and everybody else went broke," Burke said. "I took the risk. I put in 20 years, and I've earned mine."Of course, its likely nothing will happen. In addition to being Supervisor Burke's husband, Bill is well connected and well heeled having made thousands in donations to local campaigns.