Nov 20, 2012, 1:51 PM EST
Today in Glendale, city council will discuss a re-worked lease agreement with prospective Phoenix Coyotes owner Greg Jamison at the city-owned Jobing.com Arena.
The lease could go to a vote on Nov. 27.
If you’re curious (or would like to punish yourself by reading boring legalese,) click here for the proposed agreement in full.
The agreement, which calls for the city to pay Jamison an average of $15 million over 20 years for arena management, is a controversial one.
Some say it’s nothing but a subsidy and that the arena could be managed for considerably less.
The counterargument is that it’s the only way to keep the Coyotes from moving and that, with the potential loss of jobs and indirect business taxes, things would be worse for the city without the NHL franchise.
But the fact some deem the agreement a subsidy raises the specter of the Goldwater Institute, a taxpayer watchdog group, intervening and arguing that the lease contravenes the state’s gift clause.
That clause reads as follows:
“Neither the state, nor any county, city, town, municipality, or other subdivision of the state shall ever give or loan its credit in the aid of, or make any donation or grant, by subsidy or otherwise, to any individual, association, or corporation, or become a subscriber to, or a shareholder in, any company or corporation, or become a joint owner with any person, company, or corporation, except as to such ownerships as may accrue to the state by operation or provision of law or as authorized by law solely for investment of the monies in the various funds of the state.”
The Goldwater Institute tells PHT via email that it continues to monitor the situation; however, it has no comment at this time.
Mar 7, 2014, 9:45 AM EST
It’s been a rough few days for Mike Gillis.
Mar 7, 2014, 9:07 AM EST
The Capitals have waited a long time for him.
Mar 7, 2014, 8:15 AM EST
That and the rest of the links to start your day.
Mar 7, 2014, 1:34 AM EST
Ugly start for Vancouver vs. Dallas.
Mar 7, 2014, 1:23 AM EST
Worth staying up late for East Coast hockey fans.
Mar 7, 2014, 12:41 AM EST
He did it with style, too.
Mar 6, 2014, 11:32 PM EST
They might want to stay off of Twitter.
Mar 6, 2014, 10:50 PM EST
He should provide commentary to as many Vancouver games as possible.
Mar 6, 2014, 10:38 PM EST
Jhonas Enroth is making the most of his opportunity, to say the least.
Mar 6, 2014, 10:21 PM EST
This one looks painful.
Mar 6, 2014, 10:06 PM EST
Boston shut them out 3-0 on Thursday.
Mar 6, 2014, 9:56 PM EST
Plenty of talent on the ice for this late one.
Mar 6, 2014, 9:48 PM EST
It’s unclear how severe the injury is.
Mar 6, 2014, 8:30 PM EST
No one will wear No. 5 in Detroit again.
Mar 6, 2014, 7:56 PM EST
Injuries make him a key player instantly with Red Wings.
Mar 6, 2014, 7:46 PM EST
No denying whose team it is now, anyway.
Mar 6, 2014, 6:27 PM EST
He’s expected to line up with Tomas Plekanec and Alex Galchenyuk.
Mar 6, 2014, 5:28 PM EST
Mar 6, 2014, 5:07 PM EST
George McPhee “likes” this.
Mar 6, 2014, 4:51 PM EST
He’s eligible for the Hockey Hall of Fame this year too.
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