Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - [News] UPD: City of Glendale to vote on new arena agreement with Coyotes

troutman · 06-29-2015, 04:35 PM

I think it was an easy matter for the Judge to order payment of the $3.75 M, because that was for services already rendered. On-going payments might be more difficult to enforce.

Probably this Judge had only enough information to conclude that the COG case is not "frivilous" (may have merit). Therefore, IA had to increase the bond as security for COG in case they are ultimately successful.

Surely, the Coyotes will play in Glendale this season. Beyond that, IA should consider if it makes sense to renegotiate the lease with COG (ie can they operate with a lesser AMF?). They can't be 100% confident they can win this case.

I just don't understand why they want to be there in the first place. They can sell for a huge profit or move right now.

06-29-2015, 04:35 PM	#459
troutman Unfrozen Caveman Lawyer Join Date: Oct 2002 Location: Crowsnest Pass Exp:	I think it was an easy matter for the Judge to order payment of the $3.75 M, because that was for services already rendered. On-going payments might be more difficult to enforce. Probably this Judge had only enough information to conclude that the COG case is not "frivilous" (may have merit). Therefore, IA had to increase the bond as security for COG in case they are ultimately successful. Surely, the Coyotes will play in Glendale this season. Beyond that, IA should consider if it makes sense to renegotiate the lease with COG (ie can they operate with a lesser AMF?). They can't be 100% confident they can win this case. I just don't understand why they want to be there in the first place. They can sell for a huge profit or move right now.