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Coyotes Clear Another Hurdle

via the Goldwater Institute,

STATEMENT OF GOLDWATER INSTITUTE ON GLENDALE-COYOTES DEAL

Based on the information available to us at this time, we do not believe that the Glendale arena management deal would be held unconstitutional.  Changes made to the agreement during the course of negotiations partially bridged the gap between the market cost of arena management and the amount of the payment to the team owner, thus bringing the deal into conformity with cases interpreting the Gift Clause of the Arizona Constitution.

The initial deal proposed several years ago would have included not only a substantial annual arena management fee, but a $100 million up-front payment to subsidize the purchase of the team.  We are proud to have played a constructive role in protecting the taxpayers and taking an illegal deal off the table.

Glendale’s long and painful experience illustrates why local governments should focus on providing basic and essential public services and avoid the temptation to subsidize private enterprises such as sports teams.

Filed in: NHL Teams, d, | KK Hockey | Permalink
 

Comments

Avatar

Goldwater wanted no part of the continuing fight. They were losing the pr and political fight with folks like John McCain. So they declare victory and move on.

Posted by timbits on 07/11/13 at 12:41 PM ET

Savage Henry's avatar

“Glendale’s long and painful experience illustrates why local governments should focus on providing basic and essential public services and avoid the temptation to subsidize private enterprises such as sports teams.”

This. 1000x this.

Posted by Savage Henry on 07/11/13 at 02:14 PM ET

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Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

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