Glendale council takes first step toward completing Coyotes lease
2012-05-23 02:56:00
GLENDALE, Ariz. - The Glendale City Council has approved a preliminary budget that includes $17 million to be paid to the prospective buyer of the NHL's Phoenix Coyotes for operating costs for the city's Jobing.com Arena.
The 4-3 vote on Tuesday night was the first in a series of moves necessary before the council approves a new lease for the arena.
The council has two more preliminary budget hearings before taking a final budget vote. No date has been set for the council to consider the new lease, but it is expected to do so in the next few weeks.
The NHL has reached a tentative deal to sell the team to Greg Jamison, former CEO of the San Jose Sharks, contingent on a new lease agreement with Glendale.
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"Last year we came in as maybe an underdog, quietly. Got off to the right start just because teams weren't really ready for us. But this time around that's not the case. They realize we are a good team and they're ready to go against us, right off the get-go."
- Los Angeles' Colin Fraser. The Kings have lost two in a row and are now tied 2-2 in their series against the San Jose Sharks.
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