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McCain: Goldwater Institute "unrealistic" about Coyotes
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| Contributor | Bob |
| Last Edited | Bob Apr 21, 2011 12:25pm |
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| Category | News |
| News Date | Friday, March 25, 2011 06:00:00 PM UTC0:0 |
| Description | PHOENIX -- Sen. John McCain has called for Glendale, the Goldwater Institute and the Phoenix Coyotes to sit down and resolve their differences so the NHL team will stay in Glendale
McCain appeared Friday on the Doug & Wolf Show, with Doug Franz and Ron Wolfley, on Sports 620 AM and said he is "very unhappy" with the controversy that has stalled the deal to sell the Coyotes to Chicago businessman Matthew Hulsizer. Hulsizer said last week that, in exchange for Glendale selling bonds to pay him $100 million, he would pay the city $25 million to reimburse it for losses this season and would guarantee any shortfall up to $75 million over the team's 30-year lease of Jobing.com Arena.
That offer did not sway the Goldwater Institute, a watchdog group, which says Glendale's deal with Hulsizer puts taxpayers at risk and violates the state Constitution's Gift Clause. The Goldwater Institute said it will sue if the city goes through with the deal.
McCain said Friday that, "Unless the Goldwater Institute understands how important the Coyotes are, it's very likely the Coyotes will leave." |
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