Quote:
Originally Posted by troutman
http://goldwaterinstitute.org/article/5999
It is not too late for Glendale to keep the Coyotes in town legally. The city should pursue more private investment in the deal by having the NHL reduce its upfront sales price for the team and spread any balance out over the 30 year arena lease term. It should also demand that the NHL promise not to relocate the Coyotes over the term of the lease. The city should reduce the management fee so that it does not reimburse the future owner of the Coyotes for operating expenses that only benefit the team. And if the future owner of the Coyotes really believes he can turn the bankrupt team around, Glendale should demand a 100% asset-backed guarantee of all revenues that have been promised to the city.
There are legal ways to keep the Coyotes in town and protect taxpayers; Glendale should choose one.
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Nice, and kind of surprising, to see that from GWI. It's the first thing I've seen where they seem to be showing a desire to do something beyond grandstand or stick hard to a certain position. This doesn't change their position, and I wouldn't expect them to, but at least it recognizes that there's a downside for taxpayers in Glendale if this team is just allowed to leave. I guess the question is whether or not any of these suggestions are actually marketable.