Kukla's Korner Hockey
by Paul on 06/08/12 at 01:52 PM ET
from Cecilia Chan of the Arizona Republic,
An economist and an attorney told Glendale leaders Thursday a proposed $325 million Phoenix Coyotes lease agreement would benefit the city financially and pass legal scrutiny, hours before officials for a watchdog group said they will go to court Friday to try to stop a council vote on the deal.
It will cost less for Glendale to keep the Coyotes than to let them go, according to economist Jill Welch, who placed the savings at $17.8 million over the 20 years of an agreement with proposed buyer Greg Jamison.
added 1:22pm, from ABC 15,
A judge has denied a motion for a temporary restraining order against a Friday morning vote deciding the fate of the Phoenix Coyotes.
The Glendale City Council is scheduled to vote at 10:15 a.m. on a $425 million lease agreement that will clear the way for the Coyotes sale and keep the team in Glendale.
added 1:30pm, from Mike Sunnucks of the Phoenix Business Journal,
Goldwater Institute attorney Carrie Ann Sitren said after the hearing that a judge still could block the vote after it occurs. She said the city is not cooperating with requests from the institute to get more details about the deal.
“We absolutely will challenge the vote if it is passed,” she said. That is likely to happen Monday morning, she added.
Add a Comment
Please limit embedded image or media size to 575 pixels wide.
Most Recent Blog Posts
About Kukla's Korner Hockey
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.
Email Paul anytime at firstname.lastname@example.org