There was an evening of discussion for the Glendale City Council to determine whether or not renaissance SPorts and Entertainment would come to some kind of agreement with the city on a lease agreement on jobing.com arena in Westgate City Center.
The City Council put in a last-minute provision on having their own back out if the deal soured in five years time- the same provision RSE amde in front of the City Council. Knowing that RSE would turn the two-sided out clause deal down, RSE came back with a "make whole" idea where, if team leaves after 5 yrs, RSE would reimburse the city up to US$6-million a season for the five years the team would have been active.
Wait... weren't we in this situation before. The point surrendered in the meeting has been a big selling point for some of the council members about having an NHL franchise around.
Glendale city staffers, the City Manager, and City Attorney are all warning against the Coyotes deal. But all it was going t...