Fewer than 72 hours before the deadline for prospective Phoenix Coyotes owner Greg Jamison to buy the team from the National Hockey League, Glendale Mayor Jerry Weiers said there will no extension for the proposed 20-year deal that would pay Jamison to manage the city-owned Jobing.com Arena in Glendale.
Weiers wouldn’t speculate on where the matter stands but says the city gave Jamison until Thursday and not “one second longer.”
“We are not there yet,” he said. “If he doesn’t put the deal together, we won’t go down that road again with him. Obviously if we can keep the Coyotes here under different circumstances and without that same deal it is certainly something I would like to push forward with.”
The deal guarantees Jamison about $300 million over the next 20 years, should the purchase of the team be completed.
Information from KTAR
Note: Rose Law Group represents Arizona House and Senate leadership in their legal fight to stop the casino project.
