Nov 20, 2012, 1:51 PM EDT
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.
Jul 27, 2015, 9:29 PM EDT
But are any teams mulling his return?
Jul 27, 2015, 8:21 PM EDT
Where he’ll work as a community liaison.
Jul 27, 2015, 7:22 PM EDT
“I want to go free.”
Jul 27, 2015, 6:21 PM EDT
24-year-old forward would require waivers to be sent down…
Jul 27, 2015, 5:22 PM EDT
“I’ll have to start thinking about it more and more in the next couple of weeks.”
Jul 27, 2015, 4:28 PM EDT
Hence the six-year, $39 million contract.
Jul 27, 2015, 3:26 PM EDT
Looking to become a full-time NHLer after suffering a series of injuries at the start his pro career.
Jul 27, 2015, 2:22 PM EDT
The alignment debate rages on.
Jul 27, 2015, 1:27 PM EDT
Russ Brandon takes over.
Jul 27, 2015, 12:49 PM EDT
Click to see the full list.
Jul 27, 2015, 12:17 PM EDT
Click to see who’s still left.
Jul 27, 2015, 10:49 AM EDT
Hearing scheduled for Wednesday.
Jul 27, 2015, 10:19 AM EDT
No arbitrator required.
Jul 27, 2015, 10:00 AM EDT
He calls it the six-year, $25 million contract “good for both sides.”
Jul 27, 2015, 9:00 AM EDT
Monday’s collection of links.
Jul 26, 2015, 11:02 PM EDT
The only certainty is short-term.
Jul 26, 2015, 9:57 PM EDT
Playing between Gabriel Landeskog and Nathan MacKinnon would excite plenty of people.
Jul 26, 2015, 8:50 PM EDT
Holdovers are noticing a summer of improvements for Buffalo.
Jul 26, 2015, 7:30 PM EDT
The two sides avoided arbitration on Sunday.
Jul 26, 2015, 6:00 PM EDT
Columbus hasn’t had a long history of being a “cap team.”
- NBC Sports to broadcast 105 NHL games in 2015-16 50
- Wilson signs with Preds, leaving just four arbitration cases to go 2
- Rangers sign Stepan — six years, $39 million 62
- Deal with the Devils: New Jersey re-signs Larsson to six-year contract 14
- Stepan seeks $7.25M in arbitration, Rangers counter at $5.2M 24
- Capitals investment: Holtby signs five-year, $30.5M deal 21
- Redemption time? Montreal, Semin agree to one-year deal 26
- Full autonomy: Lamoriello’s place in Leafs’ chain of command 26
- Lamoriello’s departure removes any doubt: Devils are Shero’s team 21
- With Lamoriello hire, Leafs hammer home their culture change 23
- Post expansion, could NHL realign with eight divisions? (138)
- NHL to ‘focus exclusively’ on expansion bids for Las Vegas and Quebec City (89)
- He’s baaaaaack: Leafs pull a stunner, hire Lamoriello as GM (Updated) (84)
- Rangers sign Stepan — six years, $39 million (62)
- Ah, arbitration: Holtby reportedly asking for $8 million, Caps countering at $5.1 million (59)