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11-26-2012, 05:42 PM
LadyStanley's Avatar
Join Date: Sep 2004
Location: North of the Tank
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COG to vote on revised lease 11/27 (UPD: approved)

New deal is $308m

The council voted 4-2 last week to move forward with the arena plan.
The new deal replaces a previous $300 million arena deal between Glendale and Jamison. That deal was never finalized by the city. Interim city manager Horatio Skeete worked out the new deal with Jamison but then said at last week’s preliminary vote that he did not endorse the deal because of its costs to the city, including prompting the need for worker layoffs.
They worry that if a deal isn’t done the Coyotes will end up leaving the Phoenix market, hurting the city-owned arena and Westgate Entertainment District.

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