Glendale: Just Say No Subsidy!

Glendale: Just Say No Subsidy!Lack of NHL Sustainability Means New Lease Will Throw Even More Good Money After BadYesterday on the Fan590, Daryl Jones, COO of Ice Edge Holdings, made the boldest statements yet regarding what his group needs from the City of Glendale in order for the Coyotes to tread water.In the interview he characterized his group’s financing contingent upon a favourable new lease from Glendale. Jones said that Ice Edge will need an extra $10 to $15 million annually in order for their sale to proceed. This is a crucial admission that the NHL on its’ own cannot work. Listen to the entire interview here: http://www.fan590.com/media.jsp?content=20100315_171408_12116So just what options exist for the City of Glendale? . . . more »