The Glendale, Arizona city council is set to review two new lease proposals from the ownership groups vying to take over the NHL-owned Phoenix Coyotes — though “vying” may be an overstatement, given that both Ice Edge Holdings and Jerry Reinsdorf are looking for major subsidies in order to grace Glendale with their presence. Globe and Mail writer David Shoalts further reports that Reinsdorf is looking for an escape clause that would let him break any lease if revenue and ticket sales weren’t up to his lofty standards.
Shoalts further reports that Glendale might not be able to offer significant lease breaks even if it wants to:
- An Arizona state supreme court ruling in January outlawed any subsidies that don’t result in “direct public benefits.”
- The conservative Goldwater Institute has threatened to sue if the city gives the Coyotes any lease breaks.
- Glendale is flat broke.
The only thing for sure, it seems, is that this isn’t going to end well. Unless, just maybe, you live in Winnipeg.