((HT: Azcentral.com/Halverstadt))
Lisa Halverstadt reports that now since potential Phoenix Coyotes owner Greg Jamison claims he has the money to get ready for his US$324-million purchase of the team, the Glendale City Council wants to rework the lease since...
From the article:
"...the Arizona Court of Appeals ruled last week that a initiative with a goal of reversing a sales-tax hike expected to help Glendale cover its bills, including next year's budgeted $17 million arena-management fee to Jamison, should appear on the November ballot. The city has since asked the state Supreme Court to weigh in on the latter matter."
In a closed-door session, the City Council decided that until amendments are made to the proposal and Jamison actually does buy the team, that they won't sign the deal...
This was Jamison back in May...
((HT: NHLVideo/MyGlendale11))
If the high courts keep the sales tax vote on November's ballot and it gets voted down, then $20-million goes out the window...
And that won't go over well for the long-term success of the team in Arizona...
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