Who's minding the $45M store owned by the city?

Isn't it the responsibility of city of Youngstown officials to keep a close watch over the taxpayer-funded Chevrolet Centre (formerly the Youngstown Convocation Center) to ensure that the companies operating and managing it are living up to the terms of their contracts?
Yet, it has been four months since City Hall received financial reports pertaining to the arena from Global Entertainment Corp. of Phoenix and Compass Facilities Management Co. of Ames, Iowa.
What happened to the almost daily meetings between city and company officials that former Mayor George McKelvey suggested would be taking place to ensure the investment of $45 million in public funds is protected?
And what happened to McKelvey's public assurances that his finance director, David Bozanich, was closely monitoring the financial health of the arena? Bozanich has retained his position as Youngstown's chief financial officer even with McKelvey's departure and Jay Williams taking over as mayor.
"We've asked to be updated and been told the delays are due to personnel changes," Bozanich told The Vindicator. "This isn't acceptable."
Not only is it unacceptable, it should not be occurring -- if the contracts entered into by the city with Global and Compass are as solid as taxpayers were led to believe.
We use the word if because the public has not been given the opportunity to review each and every agreement relating to the Chevrolet Centre. With private companies operating and managing the facility, Ohio's public records law cannot be used to force the release of all documents.
Full disclosure
However, that does not mean Mayor Williams, who during last year's campaign made it clear that full disclosure would be the guiding principle of his administration, is precluded from using his authority to give the press and public a close-up view of the agreements that have been entered into.
Indeed, it was the mayor who last week forced the issue of the financial projections when he said that one of his primary objectives is to get a "firm understanding of the finances of the center."
Even Williams' lack of information is disturbing. He served as director of the city's Community Development Agency and was involved in setting up the transfer of the $26.8 million federal grant from the U.S. Department of Housing and Urban Development to the city. The grant was secured by former Congressman James A. Traficant Jr.
Global and Compass officials have promised to provide the city with the arena's financials this week and to give the city and public a "full-blown presentation" of the information shortly thereafter.
That's all well and good, but the fact remains that the taxpayers have been kept in the dark about many aspects relating to the construction and the operation of the facility. We call on the mayor to set up monthly meetings of the board of control with company officials. The press would have a right to attend under Ohio's Sunshine Law -- and would have the opportunity at the conclusion of each session to interview the key players.
We're also puzzled at the reaction of Councilman Artis Gillam Sr. to the lack of information. Gillam, who was elected chairman of the Finance Committee recently, was a leading advocate of the arena and hailed its opening. But lawmakers, in their enthusiasm to get this project off the ground, apparently forgot that they are, first and foremost, supposed to be the stewards of the public treasury.
Who's minding this $45 million public store?