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

sureLoss · 07-23-2015, 10:57 AM

Craig Morgan @craigsmorgan
The Glendale City Council will hold a special voting meeting tomorrow on a potential settlement with the Coyotes.

Craig Morgan @craigsmorgan
If Council approves amendments, city & team will reach settlement that will keep Coyotes at Gila River Arena for at least next 2 seasons.

Craig Morgan @craigsmorgan
Per terms of deal, Coyotes would collect all hockey-related revenue that previously went to COG (naming rights, tix surcharges, parking rev)

Craig Morgan @craigsmorgan
City would pay $6.5M a year to Coyotes to manage arena. Out-clause that was part of the original 15-year, $225M agreement would be removed.

07-23-2015, 10:57 AM	#490
sureLoss Some kinda newsbreaker! Join Date: May 2004 Location: Learning Phaneufs skating style Exp:	Craig Morgan @craigsmorgan The Glendale City Council will hold a special voting meeting tomorrow on a potential settlement with the Coyotes. Craig Morgan @craigsmorgan If Council approves amendments, city & team will reach settlement that will keep Coyotes at Gila River Arena for at least next 2 seasons. Craig Morgan @craigsmorgan Per terms of deal, Coyotes would collect all hockey-related revenue that previously went to COG (naming rights, tix surcharges, parking rev) Craig Morgan @craigsmorgan City would pay $6.5M a year to Coyotes to manage arena. Out-clause that was part of the original 15-year, $225M agreement would be removed.