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Montalo
PostPosted: Fri Jun 08, 2012 8:51 pm 
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http://www.cbc.ca/sports/hockey/nhl/sto ... mison.html
20 year lease signed

Quote:
Glendale's City Council has approved a 20-year lease agreement for Jobing.com Arena, clearing the last major hurdle in the sale of the Phoenix Coyotes to a group led by former San Jose Sharks CEO Greg Jamison.

The 20-year, $325 million US lease agreement was ratified by a 4-2 vote on Friday after a meeting of more than six hours that was attended by Jamison and NHL Commissioner Gary Bettman.

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Crosscheck
PostPosted: Sun Jun 10, 2012 9:53 am 
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Location: 2,568 miles from the F'n arena
That's the same lease that has the city losing millions of dollars a year right?
What extraordinary dipshits

Quote:
Glendale recently had a round of layoffs, along with tax hikes and service cuts to cover a $35 million gap in the upcoming budget, so a publicly-financed deal to keep the Coyotes — one that includes an average of $15 million in arena operating costs — wasn't popular with everyone.

According to a study commissioned by Glendale, the city would pay Jamison $203 million and bring in $45 million in revenue, leaving a huge gap.

I hope this bites them in the ass exactly as hard as the numbers predict.

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AudSabres
PostPosted: Sun Jun 10, 2012 8:25 pm 
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Crosscheck wrote:
I hope this bites them in the ass exactly as hard as the numbers predict.


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