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troutman · 04-18-2011, 08:55 AM

Campbell: Coyotes closing in on move to Winnipeg
http://www.thehockeynews.com/article...-Winnipeg.html

A source with knowledge of the situation told THN.com a deal is basically done to move the Coyotes to Winnipeg and will be announced sometime between the end of the Stanley Cup final and the June 24 draft.

According to the source, the deal calls for the Coyotes to be sold to True North Sports and Entertainment for $140 million. It’s believed the deal will be announced at something north of $200 million, but that includes more than $60 million in renovations to add 2,500 seats to the MTS Centre in Winnipeg.

The source said the deal has not been signed, but there is a memorandum of agreement in place and that the deal will be signed when the NHL’s deal with Hulsizer officially dies.

Phil Lieberman, a Glendale councilor who has been vocal in his opposition to the deal and was one of two councilors who voted against it.

“I have talked to the Goldwater Institute and they don’t have a case until the bonds are actually sold,” Lieberman said. “There is no possible way, and I stand behind this publicly, that the 5,500 parking spots at $10 a night can pay the $7 million to $8 million a year that the debt service would require to cover the debt. It just can’t be done.”

“I want streets, I want sewers, I want gutters and I want cops,” Lieberman said. “Making sure that Hulsizer has a $20 million management fee, how does that provide the services to my 39,900 constituents?”

04-18-2011, 08:55 AM	#1105
troutman Unfrozen Caveman Lawyer Join Date: Oct 2002 Location: Crowsnest Pass Exp:	Campbell: Coyotes closing in on move to Winnipeg http://www.thehockeynews.com/article...-Winnipeg.html A source with knowledge of the situation told THN.com a deal is basically done to move the Coyotes to Winnipeg and will be announced sometime between the end of the Stanley Cup final and the June 24 draft. According to the source, the deal calls for the Coyotes to be sold to True North Sports and Entertainment for $140 million. It’s believed the deal will be announced at something north of $200 million, but that includes more than $60 million in renovations to add 2,500 seats to the MTS Centre in Winnipeg. The source said the deal has not been signed, but there is a memorandum of agreement in place and that the deal will be signed when the NHL’s deal with Hulsizer officially dies. Phil Lieberman, a Glendale councilor who has been vocal in his opposition to the deal and was one of two councilors who voted against it. “I have talked to the Goldwater Institute and they don’t have a case until the bonds are actually sold,” Lieberman said. “There is no possible way, and I stand behind this publicly, that the 5,500 parking spots at $10 a night can pay the $7 million to $8 million a year that the debt service would require to cover the debt. It just can’t be done.” “I want streets, I want sewers, I want gutters and I want cops,” Lieberman said. “Making sure that Hulsizer has a $20 million management fee, how does that provide the services to my 39,900 constituents?”