More when we know more...
But look for the Goldwater Institute to jump in...
Soon...
Here's the initial analysis from our friends at ABC15
The council ratified the 20-year, nearly $325 million agreement after a sometimes-contentious six-hour meeting attended by Greg Jamison, NHL Commissioner Gary Bettman and Deputy Commissioner Bill Daly.
Outgoing mayor Elaine Scruggs admitted in a minority opinion: "We just cannot afford this." The city rules require the rainy day fund have the equivalent of 10-percent of projected revenues. It doesn't...
The $17-million that is supposed to go to Jamison for next season, in part, is coming from a contribution in a city sales tax hike. Within five years, Jamison has option to buy (what is currently) Jobing.com Arena and the city would be debt-free and away from any arena fees.
Ouotgoing councilman Phil Lieberman wanted to table the vote for two weeks, but was turned down by the 4-vote majority.
NHL Commissioner Gary Bettman was part of the process and said: "If we're moving forward together, we will be in a position to discuss deferring at least a portion of what we are owed." But he also wanted to know what was more important to the city and whether they (Glendale) was interested in keeping the team during his time at Q-and-A.
When Jamison was asked who his partners are in the venture, he declined to name any. This jibes with the recent coverage from Forbes' Mike Ozanian that JEG is having problems getting partners.
Here's coverage from 12News and Ed Tribble...
Expect blowback from the Goldwater Institute- and how... the City of Glendale is also in the process of cutting 49 jobs because of budget shortfalls. The HQ is aware how that will sit with the voting base...
Christine Lacroix was in Glendale for 3TV...
((HT: Azfamily.com))
Here's the latest word from Goldwater and Darcy Olsen from Friday afternoon...
This morning, Judge Cooper denied the Goldwater Institute’s motion for a temporary restraining order on the grounds that she felt the court lacked the authority to block the vote. Simultaneously, she issued a strong warning to the City of Glendale about the implications of moving forward today, affirming the Goldwater Institute’s contention that the city has committed “clear violations” both of court orders and open meeting laws.
She emphasized the court would be receptive to considering holding the city in contempt if the council moves forward with the vote, stating that sanctions would be in order. We hope the council will heed the judge’s warning, comply with the law, and give the public sufficient time to review the council’s proposed action.
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