City Council members in Glendale, Ariz. are set to vote on a proposed lease agreement with prospective Phoenix Coyotes owner Greg Jamison thanks to a decision in Maricopa County Court Friday morning that cleared a roadblock from watchdog group Goldwater Institute.
Phoenix Coyotes Sale: Judge Denies Goldwater Request, Paves Way For Council Vote
Goldwater had hoped to block the vote on the grounds that the City had not provided proper documentation to the public regarding the sale, a contention the City denied. The Court agreed and after a day of deliberations and public questions, the Council will vote on the proposed $325 million lease agreement Friday afternoon.
The agreement is not a deal for the team, rather an agreement between the City and prospective team owner Greg Jamison to operate the City-owned Jobing.com Arena, home of the Coyotes. According to the Arizona Republic, the 20-year lease agreement will pay Jamison’s group $325 million to operate and make improvements on the arena.
It’s expected the deal will pass the Council vote. Jamison has a tentative agreement with the NHL to buy the Coyotes, currently owned by the league, once a lease agreement is reached with the City.
For more on the sale situation in Phoenix, stick with our StoryStream and check in with SB Nation Arizona and Coyotes blog Five For Howling.
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