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troutman · 04-27-2012, 10:23 AM

http://www.glendalestar.com/news/art...a4bcf887a.html

As for the Coyotes, Lieberman said, “The deal was his (Jamison); $14.5 million average for the next 21 years if he can get enough investors to buy the team. He has himself said on television he hasn’t done that this past year. Multiply $14.5 million by 21 years, you see that he is asking for $305 million.

“With the raising of sales by 7/10 of 1 percent, it’s all in the name of raising the money for the potential owners of the Coyotes. If we don’t give him the $17 million this year and $20 million next year and $20 million the year after and $20 million in 2015 to complete the five years, he goes away.

“He, in my mind, is using what he gets from Glendale as a guarantee to his investors that he will be able to make the deal work.

“Remember, we are on the third owner of the Coyotes in seven years.

“Here’s the problem: A car dealer in Glendale will have a $270 increase in the cost of a $30,000 car because of the sales tax increase.

“We are starting $35 million behind this year, and with the increase in sales tax, we will only be able to increase the General Fund by $5 million to $11 million.

“I asked where the extra $5 million was coming from we need to pay the NHL this year. That’s coming straight out of the General Fund. That also would buy a swimming pool and a whole lot more.”

04-27-2012, 10:23 AM	#604
troutman Unfrozen Caveman Lawyer Join Date: Oct 2002 Location: Crowsnest Pass Exp:	http://www.glendalestar.com/news/art...a4bcf887a.html As for the Coyotes, Lieberman said, “The deal was his (Jamison); $14.5 million average for the next 21 years if he can get enough investors to buy the team. He has himself said on television he hasn’t done that this past year. Multiply $14.5 million by 21 years, you see that he is asking for $305 million. “With the raising of sales by 7/10 of 1 percent, it’s all in the name of raising the money for the potential owners of the Coyotes. If we don’t give him the $17 million this year and $20 million next year and $20 million the year after and $20 million in 2015 to complete the five years, he goes away. “He, in my mind, is using what he gets from Glendale as a guarantee to his investors that he will be able to make the deal work. “Remember, we are on the third owner of the Coyotes in seven years. “Here’s the problem: A car dealer in Glendale will have a $270 increase in the cost of a $30,000 car because of the sales tax increase. “We are starting $35 million behind this year, and with the increase in sales tax, we will only be able to increase the General Fund by $5 million to $11 million. “I asked where the extra $5 million was coming from we need to pay the NHL this year. That’s coming straight out of the General Fund. That also would buy a swimming pool and a whole lot more.”