General Ongoing Coyotes saga thread

[Vulcan]

Originally Posted by Resolute 14

Well from my view she does get results and that's all Goldwater wants as well.

[Daradon]

The best thing is, if the deal isn't approved, they move. And if the deal is approved. They will eventually move. 7 years max.

I'm taking it like Bush's second 4, just smiling and laughing.

Dig your own grave. Dig deep.

[troutman]

Proposed Phoenix Coyotes sale stirs questions

Glendale likely to OK hefty arena subsidies

http://www.azcentral.com/news/articl...#ixzz1x7FAGpAM

None of the other professional sports teams in the Valley -- the Arizona Cardinals, Phoenix Suns and Arizona Diamondbacks -- receives a tax-funded subsidy to run its stadium or arena, sports executives and local government officials said.

"It's very, very large relative to anything," said John Vrooman, a sports economist and Vanderbilt University professor. "It's probably a blanket fee that covers lots of other things."

Executives with the Suns, Diamondbacks and Cardinals declined to comment on the proposed deal between Glendale and Jamison. Privately, they say they want the hockey team to stay in the Valley because having four major professional-sports teams in one market contributes to community pride and notoriety.

However, one executive said the city's arena-management payment to Jamison likely would also be used to offset operating losses in running the Coyotes. Two executives said they were unaware of any other professional-sports franchise in the country that received such a lucrative subsidy from a municipality.

Neither city officials nor Jamison has provided breakdowns on how the $10 million to $20 million payments will be spent. And despite repeated requests from council members, Glendale staffers have never provided an estimate of what it should cost to operate the arena or put the task up for public bid.

Financial statements submitted to Glendale when Moyes owned the team show arena operators spent $10 million to $13 million on utilities, staffing and other costs in the five years before the trucking executive entered the team into bankruptcy.

At the same time, the arena brought in $6 million to $7 million. The net cost to operate the arena never surpassed $6.5 million.

Glendale's subsidy offer to Jamison comes after City Manager Ed Beasley refused to provide former Coyotes owner Moyes a much smaller payout about four years ago.

Moyes had sought roughly $12 million a year from the city but was rebuffed before he entered the team into bankruptcy. In addition, during the bankruptcy hearings, Beasley said the city never would provide a subsidy to the team's owner.

[troutman]

Arizona Free Enterprise Club opposes Coyotes deal, won't sue


http://www.bizjournals.com/phoenix/n...b-opposes.html

AFEC said instead it will run advertisements and call Glendale voters about city plans to raise sales, hotel and property taxes to help close a $35 million budget shortfall.

“Glendale is on the verge of bankruptcy,” Voeller said. “Businesses, residents and taxpayers deserve better.”

The anti-tax group opposes government subsidies to individual businesses.

Voeller said his group isn’t readying a legal challenges to the city’s Coyotes deal, which also includes parking and arena naming, rent and ticket surcharges the city can add to event tickets.

“Others are better equipped on lawsuits,” Voeller said.

[troutman]

West Valley weekly poll: Should Glendale continue investing in the Phoenix Coyotes franchise?

http://www.azcentral.com/community/g...2012-0606.html

Should Glendale continue investing in the Phoenix Coyotes franchise?

No.
79.86%

Yes.
19.79%

I don't know.
0.34%

Total Votes: 1460

[troutman]

Lisa Halverstadt ‏@LisaHalverstadt .
@the_forceman No public input at #Glendale workshop tomorrow. Council will hear from legal and economic experts who studied #Coyotes deal.

[Jordan!]

How many hundred votes are coming out of WPG/QC/Canada?

Originally Posted by troutman

West Valley weekly poll: Should Glendale continue investing in the Phoenix Coyotes franchise?

http://www.azcentral.com/community/g...2012-0606.html

Should Glendale continue investing in the Phoenix Coyotes franchise?

No.
79.86%

Yes.
19.79%

I don't know.
0.34%

Total Votes: 1460

[dissentowner]

Originally Posted by troutman

How many seasons before Jamison pays the penalty to leave?

0. The deal is not even going to get done, something will kill it. Get them out of there already, the people of Arizona don't deserve a hockey team because they only support it during the playoffs. It is a money pit, off to Quebec already.

[dissentowner]

Originally Posted by Bouw N Arrow

How many hundred votes are coming out of WPG/QC/Canada?

Very little. Most of those votes will be from citizens of Glendale who don't want to pay higher taxes to pay for a team they don't give a crap about. It is wrong to raise peoples taxes to support something the majority does not even want. I would be moving.

[Stay Golden]

Originally Posted by troutman

West Valley weekly poll: Should Glendale continue investing in the Phoenix Coyotes franchise?

http://www.azcentral.com/community/g...2012-0606.html

Should Glendale continue investing in the Phoenix Coyotes franchise?

No.
79.86%

Yes.
19.79%

I don't know.
0.34%

Total Votes: 1460

Sounds like the city of Glendale needs to have an election. Their city hall is clearly not acting on behalf of the bulk of its citizens.
Force an election and the Coyotes/NHL pimple could finally get popped.

[troutman]

Whoa! Stop the railroad


http://www.azcentral.com/arizonarepu...-railroad.html

Glendale leaders have been working for a year with a potential buyer to keep the Phoenix Coyotes in the city. Months and months were spent fine-tuning this deal to the potential buyer's and National Hockey League's specifications.

Those putting up the money for the deal -- Glendale's taxpayers -- should have the same time. Instead, the city gave them mere days. It released the draft document on Monday, scheduled a public workshop for midmorning today and slated a vote on the issue for 10:15 a.m. Friday.

Whoa! Why the rush?

Residents deserve the opportunity to fully review this complicated arrangement and offer thoughtful, well-grounded feedback. They own the arena and should have a say in how their money is spent.

City leaders need to take the time to fully explain the benefits -- and risks -- to residents. That cannot be done in a hastily called public workshop at 10 a.m. on a Thursday, when most people are at work. Especially when the only opportunity for residents to voice concerns or support for the plan comes a mere 24 hours later, again when most people are at work.

[troutman]

Lisa Halverstadt ‏@LisaHalverstadt
MT @ceciliachan_AZ Councilwoman Joyce Clark just entered. Mayor Elaine Scruggs can't attend due to scheduling conflict. #Coyotes

Lisa Halverstadt ‏@LisaHalverstadt
Councilman Phil Lieberman calls for point of order for meeting to be postponed so Mayor Elaine Scruggs can participate.#Coyotes

Lisa Halverstadt ‏@LisaHalverstadt
No one seconds Councilman Phil Lieberman. Other #Glendale council members agree to go into executive session. #Coyotes

Lisa Halverstadt ‏@LisaHalverstadt
I expect Scruggs to attend. Alvarez may be unable. RT @jordielow So what does happen if Scruggs, Alvares aren't there tomorrow? #Coyotes

Lisa Halverstadt ‏@LisaHalverstadt
MT @ceciliachan_AZ #Glendale City Council has been in closed-door session for 1.5 hours so far. #Coyotes

[Sidney Crosby's Hat]

Originally Posted by troutman

Lisa Halverstadt ‏@LisaHalverstadt
I expect Scruggs to attend. Alvarez may be unable. RT @jordielow So what does happen if Scruggs, Alvares aren't there tomorrow? #Coyotes

Funny how if it wasn't Alvarez who was sick but instead it was Martinez, Frate or Knaack the Coyotes would be folded by the end of next week.

[Svensational]

I hope someone shoots this dying horse soon.

[dissentowner]

Originally Posted by Bouw N Arrow

The money isn't lined up because the financing is dependent on the lease.. which is favorable to Jamison and his group.

Once the lease is approved, the money will be available.

What are you talking about? The money will not be available because nobody is willing to invest in Jamison's group. He is failing miserably at getting investors on board because businessmen with millions of dollars in their bank account did not get that way by investing in sure fail projects.

[troutman]

The only thing I think an investor might be interested in is a pot-of-gold at the end of a relocation rainbow. Makes zero sense otherwise.

[troutman]

Glendale leader says Coyotes deal will break city


http://ktar.com/22/1551708/Glendale-...ill-break-city

Lieberman said that money should be going for more police officers, firefighters and better streets and libraries, not to subsidize a pro sports team.

"I'm more than willing to let the Coyotes go. We do not have a Plan B. Our general fund in the past few years has dropped from $72 million to $2 million. We have no reserve at all to back anything that happens in Glendale.

"There are so many stadiums and arenas around the country that are managed by professional services that don't receive massive investments from the city. The idea is to turn that arena into a profitable arena, which it is not."

[valo403]

Originally Posted by troutman

The only thing I think an investor might be interested in is a pot-of-gold at the end of a relocation rainbow. Makes zero sense otherwise.

It depends on what the investment entitles them to. There could be plenty of ancillary benefits from an investment in terms of sweetheart terms on related properties etc., but at the end of the day the real lure would likely be the ability to hold that interest in a team that relocates to a lucrative market. Then again, if the team doesn't move it's due to a relatively successful run in Phoenix, so they could profit there as well.

At the end of the day it's a bit of a gamble, but the same can be said for putting your money into the Dow the way the market is.

[valo403]

Originally Posted by troutman

Glendale leader says Coyotes deal will break city


http://ktar.com/22/1551708/Glendale-...ill-break-city

Lieberman said that money should be going for more police officers, firefighters and better streets and libraries, not to subsidize a pro sports team.

"I'm more than willing to let the Coyotes go. We do not have a Plan B. Our general fund in the past few years has dropped from $72 million to $2 million. We have no reserve at all to back anything that happens in Glendale.

"There are so many stadiums and arenas around the country that are managed by professional services that don't receive massive investments from the city. The idea is to turn that arena into a profitable arena, which it is not."

The real question I have, and citizens of Glendale should definitely have, is whether letting the Coyotes go and taking on the burden of the arena on their own would save Glendale any money. Nobody seems to have actually provided an answer to that question, and the city is doing it's damndest to keep information away from people who may want to explore it.

[troutman]

Glendale has to decide which is the lesser of two evils.