The NHL and its board of governors are facing years and years of hostility from Glendale taxpayers if they allow the Coyotes to remain there, under any and all of the proposed subsidy/bond selling scenarios.
There is no business case whatsoever for that team to remain in Glendale. (There was no business case for the new rink either, but few wanted to listen.) The taxpayers are going to get hosed. And who in their right minds would take the bonds, given all the potential liabilities?
I can't believe the NHL BOGs think that leaving the Yotes in Glendale will protect the value of their own assets. Like dissentowner just said, "Just move the damn team already."
But nothing in this Glendale/NHL debacle has made any sense for many years now.
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