No Plan B to keep Coyotes in Glendale

QMI Agency

, Last Updated: 8:00 PM ET

The mayor of Glendale, Ariz., says there is no Plan B to save the Phoenix Coyotes.

Elaine Scruggs told a community meeting the team will be relocated, possibly within weeks, if Glendale’s attempt to raise more than $100 million through a bond sale falls through.

“The team will leave for Canada,” Scruggs told a crowd of more than 70 people gathered at a downtown Glendale church, Tuesday night. “We can argue forever, but it is what it is.”

A report at yourwestvalley.com says Scruggs even raised the possibility of acquiring a minor-league team to play at Jobing.com Arena.

“We need guidance on this because we could be dealing with this in just a couple of weeks,” she said. “I cannot be more serious. We’d need to find a way to cut expenses or raise revenue.”

Scruggs said the city is not deterred by the Goldwater Institute’s promise to file a lawsuit against the city’s agreement with Chicago investor Matt Hulsizer, saying it’s a good deal for Glendale.

Potential investors, though, have shied away from purchasing the bonds, which are supposed to raise $100 million of Hulsizer’s $170-million purchase price.

Goldwater says that’s an illegal gift under Arizona law, and promises to go to court if the deal goes through.

Tuesday’s public meeting attracted mostly supporters of the Coyotes deal, with most residents speaking in favour of the taxpayer subsidy.

Glendale residents are already paying the debt on the $180-million arena, part of a retail and entertainment development the city has invested heavily in.

Scruggs has said losing the Coyotes would eventually cost the city some $500 million.

The NHL has been working with Glendale to find bond buyers.

The league’s Plan B appears to be a sale of the franchise to Winnipeg’s True North Sports and Entertainment.


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