April 18, 2024 12:24 pm
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Bankruptcy court to decide who gets Coyotes $1 million escrow

jarenaBy Darrell Jackson | The Glendale Star

A $1 million escrow account that was funded as an arena operating reserve account is causing a stir within city government as a bankruptcy judge decides who should receive the money.

Craig Tindall, former Glendale city attorney and current legal counsel for the Arizona Coyotes, sent a letter to the city in December stating the arena management and lease agreement dated Nov. 29, 2001 was no longer valid and the money belonged to the current arena operators and new owners of the Coyotes, IceArizona.

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