Glendale council majority favors reworked Phoenix Coyotes deal

By Sonu Munshi

The Arizona Republic

The Glendale City Council on Tuesday got its first look at a renegotiated Phoenix Coyotes deal that has the city paying $11 million this year to Coyotes suitor Greg Jamison, $6 million less than the council approved

Greg Jamison

in June.

Under the new proposed agreement, Glendale would pay $320 million over 20 years, instead of $324 million, with most of the money going to Jamison to manage the city-owned arena.

The difference would be that Glendale would pay $308 million for arena management instead of $300 million, with lower payments in the early years. Payments for capital improvements over 20 years would come down from $24 million to $12 million.

Some other terms and conditions were also included. There are incentives for the arena manager to bring additional events to Arena, and Glendale would have lower management-fee payments in the event of a National Hockey League lockout or strike.




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