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11-12-2012, 09:31 AM
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Originally Posted by cheswick View Post
Yes as per the agreement the $20 million was moved into escrow. An additional $5 million was to be transferred with 5 days (i believe it was 5) of the Coyotes season ending. There is no indication of that money ever transferring.

According to Clarke in her recent radio interview the $20 million remains in escrow and the city is still rtrying to negotiate a repayment plan with the NHL to pay it over a number of years.
Please excuse my ignorance. I was thinking that if the $20M is already in escrow, it is gone, and there is no such thing as a 'payment plan.' Right? I mean, the 20M is real money, and it's in an escrow fund. It's already gone from the city some way.

But, the 5M, I could see a 'negotiation' about that.


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