Jun 28, 2012, 1:02 PM EDT
An Arizona judge has ruled against the Goldwater Institute in its attempt to invalidate a 20-year, $324 million lease deal between the City of Glendale and the prospective owner of the Phoenix Coyotes, Greg Jamison.
You can read the ruling here. (Enjoy!)
The court’s decision is a victory for Jamison, though hurdles remain. If enough signatures are collected by opponents, the lease will go to a November referendum. (The deadline for signatures is July 8.)
Of course, even if it does go to a referendum, Jamison could still close on the purchase from the NHL before the fall. At worst (or maybe even best), lease opponents win the November vote and he’s got a mobile franchise that’s worth more in other markets than Glendale. A quick flip to an owner in Quebec City and he books a nice profit.
But that’s getting ahead of ourselves, as there’s no guarantee we’ve heard the last of the Goldwater Institute — the taxpayer watchdog group could still sue Glendale for providing Jamison with an illegal subsidy.
Update: Goldwater president Darcy Olsen: “If the arena management deal goes into effect, we will examine its terms and determine whether it violates the subsidy ban in Arizona’s constitution.”
- Voracek turns monster season into massive eight-year deal 41
- Report: Canucks, Sutter closing in on five-year deal, north of $20M 24
- Voynov serving sentence at jail that once advertised it had flat screen TVs 45
- Report: Bernier and Leafs more than $2 million apart ahead of Friday’s arbitration hearing 10
- Flyers re-sign Couturier: six years, $26 million 40
- Benning calls Sutter a ‘foundation piece’ for Canucks 24
- Here’s a chart that shows which teams have been good/bad at drafting 40
- Penguins sign Fehr to three-year, $6 million contract 22
- Trade: Penguins send Sutter to Canucks for Bonino, Clendening 54
- NBC Sports to broadcast 105 NHL games in 2015-16 58
- Bettman says NHL would have to ‘consider’ putting Quebec City in the Western Conference (70)
- Rangers sign Stepan — six years, $39 million (62)
- NBC Sports to broadcast 105 NHL games in 2015-16 (58)
- Trade: Penguins send Sutter to Canucks for Bonino, Clendening (54)
- Voynov serving sentence at jail that once advertised it had flat screen TVs (45)