ESPN reporting that Glendale is about to sue the Blackwater Institute:
http://sports.espn.go.com/nhl/news/story?id=6185492
Quote:
The City of Glendale, faced with what they estimate will be more than a half-billion dollars in lost revenue, taxes and jobs if the Phoenix Coyotes relocate, is expected to file suit Monday against the Goldwater Institute and specific members of the public watchdog's board, multiples sources told ESPN.com Saturday.
The lawsuit is expected to allege the Goldwater Institute was guilty of a legal form of interference when the institute reached out to potential buyers of municipal bonds, the sale of which are crucial to the City of Glendale's new lease agreement with Chicago businessman Matthew Hulsizer, and warned them off purchasing the bonds.
...
If the municipal bonds are not sold, multiple sources have told ESPN.com that the lease agreement cannot be finalized and the sale of the team to Hulsizer by the National Hockey League will fall apart.
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