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SBD/June 7, 2012/Franchises
Sources: Jamison Struggling To Raise Money For Coyotes Purchase, Investors Skeptical
Published June 7, 2012
BREAKING GROUND: In Phoenix, Halverstadt & Harris note Glendale's proposed $17M taxpayer-funded arena-management deal with the Coyotes for next year "would be the only one like it among the Valley's major sports teams and may be one of the most lucrative” in the NHL. Sports execs and local government officials said that none of the other pro sports teams in the Valley -- the Cardinals, Suns and D'Backs -- "receives a tax-funded subsidy to run its stadium or arena.” Still, Halverstadt & Harris note a “4-3 majority of the Glendale City Council appears poised to approve the lease agreement” with Jamison to operate the city-owned Jobing.com Arena (ARIZONA REPUBLIC, 6/7).