Quote:
Originally Posted by Resolute 14
Sure, except that Glendale would be left with a lot of debt on an arena and no real way to pay it down without a major tenant, so there does appear to be legitimate damages for the city if the team leaves.
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The argument would be that is their own fault. Not a wise idea to build an arena in suburban Phoenix, and expect pro hockey will fill the seats.
Also, could they not mitigate damages by attracting other tenants? An AHL team, NCAA, the Suns, concerts etc.
Cowperson could speak better to this - economic damages are difficult to estimate, if they even exist at all.
Here Coyote staffers and Glendale businessmen speak about the importance of the Coyotes:
http://www.azcentral.com/community/g...onference.html
http://www.azcentral.com/community/g...arena0303.html
The lawsuit:
http://www.azcentral.com/community/g...-suit0306.html
Glendale is expected to argue the letters represented an unlawful interference in the business affairs of the city, also known as tortious interference.
If a suit went forward, Goldwater might argue its right to free speech protects its actions, sources said.
The city has been at odds with Goldwater for close to two years. Goldwater sued Glendale in 2009, after the city began negotiating with potential buyers of the then-bankrupt team, to gain access to public records of those discussions. That lawsuit is ongoing.
Can the NHL await further litigation that can drag on for years? For immediate progress, GWI must back down, Hulsizer must buy the team privately with his own financing, or a Judge must quickly render a decision on the issue of the legality of the bonds.