Glendale would face new vote, challenges
By Mike Sunnucks
Phoenix Business Journal
Prospective Phoenix Coyotes’ buyer Greg Jamison isn’t too keen on changing a 20-year, $300 million arena already approved but not finalized by the city of Glendale.
And any material changes to that arena deal by Glendale will require a new City Council vote, according to officials familiar with issue. That means if the city tries to rework the payment timetable, amounts and structure, it will likely require a fresh vote from the Glendale council.
The city has presented Jamison with some possible changes to arena deal, according to Glendale spokeswoman Julie Frisoni.
Jamison has the money and financing to finally buy the Coyotes from the National Hockey League, according to sources familiar with the three-year hockey saga. He also prefers keeping the existing Glendale-Coyotes deal in place.
Continued: http://www.bizjournals.com/phoenix/morning_call/2012/09/changes-to-coyotes-deal-jamison-not.html
