Found November 27, 2012 on
from Scott Burnside of ESPN,
Tuesday night looms large for the Phoenix Coyotes, given the long and rutted road they have traveled in search of an owner.
The Glendale City Council is expected to vote Tuesday on a reconfigured lease agreement between potential owner Greg Jamison and the municipality.
The deal would pay Jamison $320 million during the life of the 20-year deal and would, in theory, secure the Coyotes' future in Glendale. If the new lease agreement is accepted, Jamison and his partners will attempt to complete the purchase of the team from the NHL, likely by the end of the calendar year.
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City officials approved a $320 million deal Tuesday night to keep the Phoenix Coyotes in the city's arena.
The city council approved a 20-year, $324 million deal for Jobing.com Arena in June, but city leaders sought to renegotiate it. The newly approved proposal would help Glendale because it would reduce payments in the early years of the 20-year deal and save the city $4 million...
GLENDALE, Ariz. (AP) -- City officials approved a 320 million deal Tuesday night to keep the Phoenix Coyotes in the city's arena.
The city council approved a 20-year, 324 million deal for Jobing.com Arena in June, but city leaders sought to renegotiate it. The newly approved proposal would help Glendale because it would reduce payments in the early years of the 20-year deal...
Greg Jamison took a big step toward completing his deal to buy the Phoenix Coyotes.
All that's left is one last hurdle.
Glendale's City Council approved a reworked arena lease deal with Jamison late Tuesday night, clearing the way for the former San Jose Sharks CEO to buy the team from the NHL.
The council voted 4-2 in favor of a 20-year, $320 million arena management...
A major roadblock to keeping the Phoenix Coyotes franchise from relocating has been officially removed. By a 4-2 vote, city officials in Glendale, AZ, approved a 20-year, $320 million lease deal to keep the Coyotes in the local arena.
Under the terms of the revised deal, there are slightly reduced payments in the early years of the 20-year arrangement. By agreement with potential...
$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...