Hmm... so the money that they said would never be used... reportedly just got used.
http://www.tsn.ca/nhl/story/?id=364482
SOURCES: CITY OF GLENDALE HAS PAID NHL $25 MILLION
DARREN DREGER
5/3/2011 12:21:34 PM
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Sources tell TSN that the city of Glendale has paid the National Hockey League the $25 million that was due Tuesday.
...
Nice contrast to this old story from about one year ago...
http://www.winnipegfreepress.com/bre...-93293609.html
Winnipeg Free Press - ONLINE EDITION
Glendale council OKs NHL requirements for Coyotes
By: Bartley Kives
Posted: 05/10/2010 12:34 PM
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The cash will not be paid out to the NHL if a new buyer is found, pledged Glendale city manager Ed Beasley, who described the
"hypothetical payment" as a fee to the NHL for operating the arena —
not an agreement to cover the team’s losses.
Glendale Mayor Elaine Scruggs called the payment "bridge financing," not an expenditure of public funds. She also expressed annoyance at the criticism directed toward her city.
"This is nothing more than an insurance policy which allows us to move forward," NHL deputy commissioner Bill Daly said in an address to council.
A sale to an owner that will keep the Coyotes in Glendale is coming soon, Daly said to cheers from about 250 Coyotes fans inside the Glendale council gallery.
...