Phoenix LXIV: Will You Still Need Me, Will You Still Read Me, on Thread LXIV?
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11-16-2012, 03:30 PM
Join Date: May 2010
Originally Posted by
On Tuesday, Nov. 20, staff will present to the Glendale City Council a revised draft arena use agreement for the city-owned Jobing.com Arena during a City Council workshop session. The documents outline a tentative agreement between the city and Arizona Hockey Partners LLC, the prospective owner of the National Hockey League (NHL) Coyotes franchise with Greg Jamison as Manager.
For the period beginning on the Closing Date and ending on June 30, 2013, $11,000,000;
Beginning on July 1, 2013 and ending on June 30, 2014, $14,000,000;
Beginning on July 1, 2014 and continuing each year until June 30, 2016, $15,000,000 per year;
Beginning on July 1, 2016 and continuing each year until June 30, 2017, $16,000,000 per year;
Beginning on July 1, 2017 and continuing each year until June 30, 2022, $18,000,000 per year
Beginning on July 1, 2022 and continuing each year until June 30, 2023, $17,000,000 per year;
Beginning on July 1, 2023 and continuing each year until June 30, 2027, $16,000,000 per year;
Beginning on July 1, 2027 and continuing each year until June 30, 2028, $14,000,000 per year.
Beginning on July 1, 2028 and continuing each year until the Termination Date, $13,000,000 per year.
Hey, this is improving, with the AMF reduced. Amazing what a bit of negotiation will accomplish. I wonder if the NHL has agreed to reduce the purchase price, thereby encouraging Jamison to take a lower subsidy.
I used to think that the COG were the main dweebs, but it seems that Jamison's delays in putting together an investment group have cost him some significant coin.
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