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.
Dec 12, 2013, 10:39 AM EST
He was injured on a hit by fellow Tampa Bay prospect Adam Erne.
Dec 12, 2013, 10:20 AM EST
He could be back in the lineup next week.
Dec 12, 2013, 9:12 AM EST
They’ve dug themselves a big hole early on.
Dec 12, 2013, 8:10 AM EST
That and all the links you need to start the day.
Dec 12, 2013, 7:15 AM EST
Perhaps up to $71 million for next season.
Dec 12, 2013, 1:30 AM EST
Some kind of pace he’s on.
Dec 12, 2013, 12:54 AM EST
Dropped third straight on Tuesday.
Dec 12, 2013, 12:28 AM EST
Couple of beauties.
Dec 12, 2013, 12:04 AM EST
Taking positives, despite result.
Dec 11, 2013, 11:27 PM EST
Interesting comment to make.
Dec 11, 2013, 10:59 PM EST
Turned for the Flyers in second period, got worse from there.
Dec 11, 2013, 10:26 PM EST
Dec 11, 2013, 9:43 PM EST
That was fast.
Dec 11, 2013, 9:25 PM EST
Dec 11, 2013, 9:07 PM EST
Not a big deal to him, though.
Dec 11, 2013, 8:43 PM EST
Rivalry Night starts with a bang.
Dec 11, 2013, 8:07 PM EST
“I’m sure it’s going to be up there. It’s going to be steep.”
Dec 11, 2013, 7:48 PM EST
Incident occurred during Tuesday’s Tampa Bay-Washington game.
Dec 11, 2013, 7:28 PM EST
“I’m not too worried about someone coming after me.”
Dec 11, 2013, 6:48 PM EST
Physical defenseman was 10th overall pick in his draft class.
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