Back in July when the city of Glendale renegotiated its lease with the Arizona Coyotes to make it slightly less onerous and a whole lot shorter, I wrote:
The new lease only lasts until summer of 2017, after which everyone has to figure this out all over again.
Turns out, though, Glendale officials don’t intend to wait that long, and they don’t necessarily plan on doing their figuring out with the Coyotes management:
The Glendale City Council on Tuesday voted to hire Beacon Sports Capital Partners LLC as a consultant to seek bidders to manage the arena, with the manager taking over as early as July 2016…
Vice Mayor Ian Hugh said Wednesday the city hopes to select an arena manager as early as January and IceArizona will be considered if it responds to the city’s request for proposals.
In case you’re wondering why it’s a big deal who manages the arena, it’s a humongous one, because under prior leases the city has been paying IceArizona, the Coyotes owners, $7-8 million a year to run the place. IceArizona swears this is totally reasonable; other observers have disagreed, and now, if nothing else, we’ll get to see if Glendale can do better by actually bringing in other bidders instead of just going to the hockey team and asking, “How much do you charge?”
Of course, any other arena manager would also have to negotiate a rental fee or revenue share with the Coyotes, who will be one of their competing bidders, so this has the potential to be a total mess. But it’s the kind of mess that might end up with the city not left totally holding the bag, or at least not as much of a bag as it might otherwise have to, so I approve! Especially since it promises to be great fun to watch from a distance.