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Monday, June 11, 2012

Field of Schemes new post Glendale arena lease approved; next up, lawsuits!

Friday's Phoenix Coyotes lease vote denouement: The Goldwater Institute's attempt at a temporary restraining order failed, the council voted 4-2 to approve a 20-year lease including $224 million in new public subsidies, and Goldwater promised again to sue the bejeebus out of everybody involved. And there's also talk of putting a referendum on the deal on the November ballot, though it's unclear whether that could retroactively block it.

In other words, just about as expected. Plus, would-be owner Greg Jamison may still be having trouble raising money to buy the team, even with Glendale offering more in subsidies than he'd be paying in purchase price. They have not yet begun to brawl.



from Field of Schemes http://www.fieldofschemes.com/news/archives/2012/06/4978_glendale_arena_1.html

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