City Council members in Glendale, Ariz. are set to vote on a proposed lease agreement with prospective Phoenix Coyotes owner Greg Jamison thanks to a decision in Maricopa County Court Friday morning that cleared a roadblock from watchdog group Goldwater Institute.
Goldwater had hoped to block the vote on the grounds that the City had not provided proper documentation to the public regarding the sale, a contention the City denied. The Court agreed and after a day of deliberations and public questions, the Council will vote on the proposed $325 million lease agreement Friday afternoon.
The agreement is not a deal for the team, rather an agreement between the City and prospective team owner Greg Jamison to operate the City-owned Jobing.com Arena, home of the Coyotes. According to the Arizona Republic, the 20-year lease agreement will pay Jamison's group $325 million to operate and make improvements on the arena.
It's expected the deal will pass the Council vote. Jamison has a tentative agreement with the NHL to buy the Coyotes, currently owned by the league, once a lease agreement is reached with the City.