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 […]
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Glendale ready to commit $25M to keep Coyotes in town for next season
Don’t expect the Phoenix Coyotes to move to Winnipeg any time soon: the Glendale City Council is preparing to authorize a payment of $25 million to keep the team at Jobing.com Arena for the 2011-2012 season, as negotiations with Matthew Hulsizer continue. It seem a little sad that the city needs to pony up that […]
Goldwater Institute: We still oppose Coyotes lease
Arena-management fees and a financing plan for Matthew Hulsizer to buy the Phoenix Coyotes from the NHL are still under debate in Glendale, as reps from the Goldwater Institute continue their fight to scuttle the deal in the name of fiscal responsibility. The deal, which calls for Glendale to pay Hulsizer $97 million to manage […]
Is Hulsizer’s Coyotes deal collapsing?
Plenty of whispers from Glendale and Jobing.com Arena about Matthew Hulsizer and the potential collapse of his purchase of the Phoenix Coyotes — and the biggest clue may be his not showing up to a single playoff game. Mark Falter documents what’s being said in Glendale: that the purchase is not happening, that the team […]
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 […]
Could lawsuit sink Glendale arena deal?
The Glendale (Az.) City Council is expected approve a Jobing.com Arena lease where the city pays potential Phoenix Coyotes (NHL) owner Matthew Hulsizer $197 million to operate the team. Could legal action from a public watchdog group sink the deal — and in the process chase the Coyotes from the state? The Globe and Mail […]