Phoenix Coyotes sale: Glendale to open bidding on arena management contract

The City of Glendale will begin accepting proposals from third-party companies to manage Jobing.com Arena on Monday.

With the attempted sale of the team spanning several years, the city is taking a proactive approach to remove the management of the arena from prospective buyers. In previous situations, the arena management lease has been a point of contention in the sale.

Glendale hired Beacon Sports Capital Partners to seek bids from qualified arena-management companies independent of the company’s desire to purchase the team. The hope is to establish market value of the management contract by opening it up to bids.

Beacon outlined a timetable of events to council members on Monday. The goal is to begin accepting bids on Monday, begin tours of the facility in May and negotiate a contract with the chosen company by May 24. The hope is for the new company to take over management of the arena by July 1.

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