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SBD/August 30, 2012/Franchises
Glendale Wants To Rework Coyotes' Lease Terms With Prospective Buyer Jamison
Published August 30, 2012
REVERSE COURSE: In Phoenix, Mike Sunnucks noted Glendale is asking for the changes “after an Arizona Court of Appeals ruling that moves forward a ballot measure reversing a city sale tax increase.” That sales tax increase was approved by the Glendale City Council earlier this summer and 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” (BIZJOURNALS.com, 8/29).