Gila River Arena is set to receive some upgrades, as the Glendale City Council has signed off on funds for a capital improvement plan. (more…)
Tag Archives | glendale city council
Phoenix Coyotes sale could be resolved next week
The fate of the Phoenix Coyotes sale should be resolved next week, as the NHL has set July 2 as a drop-dead date to make a deal and a potential owner pitching a $15-million annual subsidy to run the arena. (more…)
Fate of Jobing.com Arena lease to be determined next week
The lame-duck Glendale City Council is set to debate the final terms of a Jobing.com Arena management deal with Greg Jamison, pledging $320 million over 20 years to the prospective owner of the Phoenix Coyotes. (more…)
Glendale to spend $25M on Coyotes in ’11-’12 — and maybe for next decade
The Glendale City Council voted to cover the NHL’s losses on the Phoenix Coyotes for the 2011-2012 season up to $25 million, and also committed to do so annually for the next decade if the team isn’t sold or moved. In a contentious meeting last night, the council agreed to continue the financial agreement first […]
Glendale approves Coyotes lease
After a contentious meeting that lasted will into the night, the Glendale City Council approved a $197-million deal that will keep the Phoenix Coyotes (NHL) in Jobing.com Arena through 2040. Under the terms of the lease, Glendale will float bonds backed by the facility and immediately pay new team owner Matthew Hulsizer $100 million, which […]
Ice Edge: We have the money for Coyotes purchase
Ice Edge Holdings says it has enough money to buy the Phoenix Coyotes and has a plan in place to change the team’s financial fortunes. The group, comprised mainly of Anthony LeBlanc, Keith McCullough and John Breslow, will borrow half the money needed to buy the team and put in personal cash to cover the […]
Glendale approves Ice Edge Holdings deal; 60 days to close
The Glendale City Council approved a memorandum of understanding (MOU) with Ice Edge Holdings over the broad terms of a new lease at jobing.com Arena, sunbect to the group’s purchase of the Phoenix Coyotes from the NHL. The MOU gives Ice Edge Holdings 60 days to finalize a lease and obtain the team, which means […]
