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New roadblock in Coyotes sale

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08:19 AM ET 08.30 | "Overtime" barely covers what's happening in the desert. The sale of the Phoenix Coyotes has hit another roadblock with the city of Glendale asking for changes to a $300 million, 20-year arena deal with prospective team buyer Greg Jamison. The city is asking the changes after an Arizona Court of Appeals ruling that moves forward a ballot measure reversing a city sales tax increase. That sales tax increase was approved by the Glendale City Council earlier this summer. It raises $125 million over five years. The city worries if the sales tax measure goes to the November ballot and the increase is reversed it won't be able to afford the Coyotes deal. ... The two sides have been holding private meetings on the sale and the lease deal.

Phoenix Business Journal

Shane Doan, Getty Images Shane Doan, Getty Images
August 30, 2012  08:34 AM ET

Go Glendalians (Glendalites?). Don't let you tax money be used to prop up millionaires.

August 30, 2012  08:47 AM ET
QUOTE(#1):

Go Glendalians (Glendalites?). Don't let you tax money be used to prop up millionaires.

why not, every other city does?
That's why I love the whole "we built this" theme in Tampa.
62% publically funded building! (okay, no more, i promise)

August 30, 2012  09:15 AM ET
QUOTE(#2):

why not, every other city does?That's why I love the whole "we built this" theme in Tampa.62% publically funded building! (okay, no more, i promise)

Snider built his shiny new stadium with all private money. The only thing the city kicked in was the land that JFK stadium used to sit on and probably some tax breaks. As far as I'm concerned, that should be the model for everyone.

August 30, 2012  09:32 AM ET
QUOTE(#1):

Go Glendalians (Glendalites?). Don't let you tax money be used to prop up millionaires.

I think it's Glenditalia. How else do you explain how much they're getting ****ed.

August 30, 2012  09:35 AM ET
QUOTE(#3):

Snider built his shiny new stadium with all private money. The only thing the city kicked in was the land that JFK stadium used to sit on and probably some tax breaks. As far as I'm concerned, that should be the model for everyone.

I agree. Jack Kent Cooke built Fed Ex Field where the Redskins play, with private money. Abe Pollin built the Cap Centre where the Caps and the NBA team play, with private money back in the 70s. When they moved downtown he built the Verizon Center, with private money. Both sites got some highway improvements of course and probably they got some tax breaks but I don't know those details. I know that both sites benefitted the taxpayers in Maryland and in Chinatown by improving sleazy, run-down areas into well-lit, safe, areas where tourists, fans go to spend money and generate taxes. Restaurants, hotels, shopping have grown in each area. Privately-owned, privately financed and paying employees who also pay taxes and charging customers for meals and rooms and collecting lots of taxes for local government.

The baseball team however got a new stadium built for them paid for by taxpayers. I doubt that wil happen again very often since taxpayers have (finally) gotten fed up, not only here but all over the country with this stuff.

August 30, 2012  09:37 AM ET
QUOTE(#4):

I think it's Glenditalia. How else do you explain how much they're getting ****ed.

Excellent.

August 30, 2012  09:38 AM ET
QUOTE(#5):

I agree. Jack Kent Cooke built Fed Ex Field where the Redskins play, with private money. Abe Pollin built the Cap Centre where the Caps and the NBA team play, with private money back in the 70s. When they moved downtown he built the Verizon Center, with private money. Both sites got some highway improvements of course and probably they got some tax breaks but I don't know those details. I know that both sites benefitted the taxpayers in Maryland and in Chinatown by improving sleazy, run-down areas into well-lit, safe, areas where tourists, fans go to spend money and generate taxes. Restaurants, hotels, shopping have grown in each area. Privately-owned, privately financed and paying employees who also pay taxes and charging customers for meals and rooms and collecting lots of taxes for local government.The baseball team however got a new stadium built for them paid for by taxpayers. I doubt that wil happen again very often since taxpayers have (finally) gotten fed up, not only here but all over the country with this stuff.

Win-win all around when it's done this way. Tho, I wouldn't be too sure that the days of taxpayer funded stadiums are over. The threat of moving a team still works as the Vikings demonstrated so well.

August 30, 2012  09:44 AM ET
QUOTE(#7):

Win-win all around when it's done this way. Tho, I wouldn't be too sure that the days of taxpayer funded stadiums are over. The threat of moving a team still works as the Vikings demonstrated so well.

Bloody Vikings.

August 30, 2012  09:49 AM ET
QUOTE(#8):

Bloody Vikings.

Spam, spam, spam, spam, spam, spam, spam, spam.

August 30, 2012  10:00 AM ET
QUOTE(#9):

Spam, spam, spam, spam, spam, spam, spam, spam.

I prefer the Lobster thermidor aux crevettes with a mornay sauce garnished with truffle pate, brandy and with a fried egg on top and spam.

August 30, 2012  10:02 AM ET

New roadblock in Coyotes sale:

If there's no season, there's no reason for anybody wasting their money buying something that already is a losing proposition.

August 30, 2012  10:03 AM ET

LOL - This whole scenario has me picturing a squadron of deep sea divers in full gear , 40 feet down patching holes in a sunken ship.

August 30, 2012  10:14 AM ET
QUOTE(#8):

Bloody Vikings.

spam spam spam spam

August 30, 2012  10:15 AM ET
QUOTE(#10):

I prefer the Lobster thermidor aux crevettes with a mornay sauce garnished with truffle pate, brandy and with a fried egg on top and spam.

But..............it's the spam that makes the meal really first-class.

August 30, 2012  10:15 AM ET
QUOTE(#7):

Win-win all around when it's done this way. Tho, I wouldn't be too sure that the days of taxpayer funded stadiums are over. The threat of moving a team still works as the Vikings demonstrated so well.

I don't think they're over by a long shot

August 30, 2012  10:23 AM ET
QUOTE(#13):

spam spam spam spam

Plagarist! ;)

August 30, 2012  10:33 AM ET
QUOTE(#13):

spam spam spam spam

Hawaiians have it on their breakfast, lunch and dinner menus.

Comment #18 has been removed
August 30, 2012  10:49 AM ET
QUOTE(#18):

I got a question...since the NHL is still in control of Phoenix doesnt that mean it's a conflict of interest for Bettman to be negotiating the new CBA ??

I think the answer is 984.

 
August 30, 2012  10:52 AM ET
QUOTE(#18):

I got a question...since the NHL is still in control of Phoenix doesnt that mean it's a conflict of interest for Bettman to be negotiating the new CBA ??

of course not

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