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Old 06-28-2013, 09:56 PM   #3279
Vulcan
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Join Date: Dec 2003
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I think the COG will agree to do the deal.

Quote:
In the deal, Glendale would pay RSE, the prospective Phoenix Coyotes ownership group headed by George Gosbee and Anthony LeBlanc, $15 million a year over 15 years to manage Jobing.com Arena, while the proposed owners would reimburse the city $6.7 million through surcharges on tickets and parking, naming rights and other sources. Glendale already has $6 million budgeted to manage the arena.
Without the Coyotes the City will be paying in the range of $6M to have someone operate the arena. With the Coyotes it will cost them $8.3M, so a difference of $2.3M. I don't see the deal falling through for that amount which may even out in the lost taxes for other business in the area. The NHL has the COG over the barrel but I think right now they are bargaining for the best deal they can get with a bit of brinkmanship.

http://www.foxsportsarizona.com/nhl/...lockID=915721&
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