Found November 28, 2012 on Online Sports Guys:
$320-million over $20 years... The Glendale (AZ) City Council, mired in budget shortfalls, public service deficiencies, and public servant shortages approved an arena deal with proposed Phoenix Coyotes suitor Greg Jamison approved the deal at a city council meeting late last night eastern time. Jamison said he hoped to complete his purchase of the team in the next 30 to 60 days- which, of course, is something he's been saying for the last 180 days. He is expected to pay US$170 million to the National Hockey League who has owned and operated the franchise for the last few seasons... The agreement passed on a 4-2 vote... Glendale's Interim City Manager Horatio Skeete said the city would need to cut $20 million within five years in part to pay the arena-management fee if the Coyotes were the anchor tenant at Jobing.com Arena. Without the team, Skeete thinks the city would need to cut about $12 million instead. Skeete voted "no," but says keeping the...
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Phoenix Coyotes' arena deal approved

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