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.
Mar 31, 2015, 11:31 PM EDT
This was an eventful game.
Mar 31, 2015, 10:57 PM EDT
Could supplemental discipline be on the way?
Mar 31, 2015, 10:09 PM EDT
Florida had the lead in the third period.
Mar 31, 2015, 9:38 PM EDT
Could Vancouver’s veteran defenseman be looking at a suspension?
Mar 31, 2015, 8:58 PM EDT
Scored 32 goals in 37 games this season.
Mar 31, 2015, 8:13 PM EDT
Mar 31, 2015, 7:59 PM EDT
Joins Bossy, Gretzky, Dionne, Lafleur and Lemieux.
Mar 31, 2015, 7:49 PM EDT
3rd-round pick if it happens after the season, 2nd-rounder if it happens in-season.
Mar 31, 2015, 6:59 PM EDT
University of Minnesota blueliner inching closer to free agency.
Mar 31, 2015, 6:41 PM EDT
So the Hart will not, as some have suggested, become the Gretzky.
Mar 31, 2015, 5:30 PM EDT
Blackhawks duo “had a good thing going.”
Mar 31, 2015, 4:32 PM EDT
Not just a team that scores a lot of goals.
Mar 31, 2015, 3:38 PM EDT
Could really use a win tonight versus the Rangers.
Mar 31, 2015, 2:40 PM EDT
“I can speak from experience that home ice matters.”
Mar 31, 2015, 2:13 PM EDT
News and notes from around the crease…
Mar 31, 2015, 1:59 PM EDT
Florida’s season is essentially on the line.
Mar 31, 2015, 1:15 PM EDT
Sportsnet’s Stephen Brunt, not pulling any punches.
Mar 31, 2015, 1:05 PM EDT
He was Florida’s first-round pick (23rd overall) at the 2012 NHL Entry Draft.
Mar 31, 2015, 12:32 PM EDT
Mar 31, 2015, 12:06 PM EDT
This after his team, Rogle, terminated his contract on Monday.
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