Glendale Officials to Meet With Goldwater Institute Representatives in Hope of Avoiding Lawsuit Over Hockey-Team Subsidy
Goldwater Institute representatives are scheduled to meet with Glendale city leaders today at 3 p.m. to hear arguments on why they shouldn't sue the city over a planned $100 million subsidy for the Phoenix Coyotes hockey team.
The right-leaning institute says it will release partial transcripts of the closed meeting, according to a news report from ABC-15 (KNXV-TV).
The city wants to raise $116 million in bonds, then give $100 million of that to a Chicago businessman who wants to buy the bankrupt Coyotes. If the deal goes through, it would prevent the team from leaving Glendale and moving to Canada.
The quasi-libertarian Goldwater Institute, however, says the deal violates a state law that bans Arizona from giving gifts.
The Phoenix Coyotes lost 6-3 over the Detroit Red Wings last night, and "skate off into uncertainty" over their future in the Valley.
Even the possibility of a lawsuit could spoil the deal, a Glendale spokeswoman told Channel 15.
We wonder what the city could possibly offer to the Goldwater folks that would make them change their minds. A bribe? Probably nothing overt, anyway. But without leverage, the city is stuck arguing the hoped-for, future economic benefit -- an idea the institute already has rejected as wishful thinking.
Get the ICYMI: Today's Top Stories Newsletter Our daily newsletter delivers quick clicks to keep you in the know
Catch up on the day's news and stay informed with our daily digest of the most popular news, music, food and arts stories in Phoenix, delivered to your inbox Monday through Friday.