The last time the Goldwater Institute attempted to railroad the City of Glendale and Phoenix Coyotes’ attempts to sell the team, things ended very badly. Really, the mere threat of Goldwater’s involvement crushed the hopes of that deal. With news of Goldwater stepping in once again, you’d think Glendale reps would be nothing but beaten down, yet Dan Bickley shares this surprising quote.
Glendale city council member Joyce Clark to the Goldwater Institute: “Bring it on, baby.”
That’s totally not a quote that could come back to haunt Clark & Co., right? Perhaps that bit of moxie might display a “unified front” or an increased amount of confidence in the situation, though.
In honor of Clark’s hubris, I plan on baiting Freddie Kruger by taking Ambien during the off-season.
In an effort to keep the NHL in the city of Glendale, the city council approved a 20-year lease with prospective Phoenix Coyotes buyer Greg Jamison. The move is expected to cost the city about $300 million over 20 years.
The council ultimately approved the deal by a 4-2 vote, with mayor Elaine Scruggs being one of the two against the measure.
Jamison’s investment group will receive $15 million annually to run the arena. At least, that’s how this will work if the deal stands.
The taxpayer watchdog Goldwater Institute is expected to challenge the deal and might be able to void the vote. As you might recall, the Goldwater Institute stood in the way of previous attempts to find an owner for the Coyotes.
On top of that, Jamison still has to put together the financing and money needed to complete the purchase.
So this isn’t over for the Phoenix Coyotes and given how many curveballs we’ve already seen over the course of this lengthy saga, anything is possible. Still, this is a step towards Jamison potentially owning the team.
There were already some rumblings that the Goldwater Institute won’t be so quiet in the latest round of Phoenix Coyotes sales pitches, but that seems just about official now. Brahm Resnik reports that the Goldwater Institue intends to attempt to block the Glendale vote for a new Coyotes lease on Friday morning.
Here’s the verbatim Tweet:
BREAKING @GoldwaterInst says it will be in court at 830am Friday to try to block #Glendale vote on #Coyotes lease at 10am.
Goldwater also claims that Glendale “violated an Open Meetings Law by not disclosing the entire lease agreement in a timely fashion,” according to Resnik’s reports.
The last thing that the newest edition of the Coyotes’ hopeful sale needed was the Goldwater Institute blocking the path again, although it’s not fair to cast them in the role of “villains.” It’s a watchdog group designed to help protect taxpayers and it’s likely that even the most ardent Coyotes supporter would admit that it’s a far-from-ideal situation. The latest proposal seemed to be designed to survive Goldwater’s gaze, but if this development is any indication, it obviously didn’t do enough to calm those fears.
We’ll keep an eye out for developments on what could be a tumultuous Friday morning in a story that seemingly never ends.
(H/T to Bruce Arthur.)