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troutman · 05-11-2011, 08:47 AM

Glendale pledges $25-million to keep Coyotes another year
http://www.theglobeandmail.com/sport...rticle2017818/

“We’re much closer to the finish line,” Daly said. “I think we are getting there whether it is with Mr. Hulsizer or another potential buyer.”

Mayor Elaine Scruggs emphasized that “this is a payment for a service. This is not a subsidy.”

“We are keeping our community arena open for business,” she said. “We are keeping that arena generating revenue.”

Nick Dranias, director for constitutional government at the Goldwater Institute, told the council that the $25-million could violate the state constitution because it may include money to fund operation of the hockey team and not just the city’s Jobing.com Arena.

Scruggs called Dranias’ comment “a new idea that’s pretty shocking.”

Dranias called it “a disgrace” that Glendale was even considering such a deal.

Council member Norma Alvarez voted against the proposal.

“We cannot use taxpayer’s money to subsidize the team,” she said, “and neglect our community.”

Earlier Tuesday, Ice Edge Holdings withdrew its minority interest in the proposed purchase of the Coyotes.

05-11-2011, 08:47 AM	#2242
troutman Unfrozen Caveman Lawyer Join Date: Oct 2002 Location: Crowsnest Pass Exp:	Glendale pledges $25-million to keep Coyotes another year http://www.theglobeandmail.com/sport...rticle2017818/ “We’re much closer to the finish line,” Daly said. “I think we are getting there whether it is with Mr. Hulsizer or another potential buyer.” Mayor Elaine Scruggs emphasized that “this is a payment for a service. This is not a subsidy.” “We are keeping our community arena open for business,” she said. “We are keeping that arena generating revenue.” Nick Dranias, director for constitutional government at the Goldwater Institute, told the council that the $25-million could violate the state constitution because it may include money to fund operation of the hockey team and not just the city’s Jobing.com Arena. Scruggs called Dranias’ comment “a new idea that’s pretty shocking.” Dranias called it “a disgrace” that Glendale was even considering such a deal. Council member Norma Alvarez voted against the proposal. “We cannot use taxpayer’s money to subsidize the team,” she said, “and neglect our community.” Earlier Tuesday, Ice Edge Holdings withdrew its minority interest in the proposed purchase of the Coyotes. Last edited by troutman; 05-11-2011 at 08:49 AM.