Archived Documents and Information Regarding the Purchase and Lease Agreement for the Team:
The city of Glendale is very pleased with the announcement from the National Hockey League (NHL) that IceArizona Acquisition Co., LLC has finalized its purchase of the team. The city is looking forward to working with IceArizona to continue the long-term presence and success of the Coyotes in Glendale.
City Statement: As we move forward, the city and team will focus on building momentum for this season by welcoming new and returning fans to Glendale's Sports and Entertainment District and supporting the many shops and restaurants that make up this important economic engine for the city. We want to thank the dedicated fans for their ongoing support of the team and the city of Glendale. As the anchor tenant for Jobing.com Arena, the Coyotes play more than 40 home games in our city that annually attract more than 500,000 fans and we are looking forward to many successful years ahead.
PDF copy of the city's statement
Coyotes Sale Finalized - Release from NHL
Press Release from the NHL Coyotes
Watch the full Press Conference - Aug. 6, 2013
VIDEO: Members of Glendale City Council React to the Coyotes Sale Finalization
The arena in Glendale has been home to the Coyotes for the last 10 years and the new agreement allows for the team to continue playing in the city, keeps current arena revenues intact and provides new revenue for the city. As the anchor tenant for Jobing.com Arena, the Coyotes NHL schedule includes more than 40 home games that annually attract more than 500,000 fans. Activity from these games generates sales tax revenue at the arena, as well as from numerous surrounding restaurants, hotels and retail shops. Since 2009, when the previous owner of the team unexpectedly filed for bankruptcy, the city has worked diligently with the NHL to find a solution that protects Glendale’s investment in the sports and entertainment district and keeps the team in our city. The vote by the Glendale City Council brings a resolution to this issue and is welcome news to Westgate businesses and hockey fans who attended the council meeting to voice their support for the decision. The city looks forward to the 2013-2014 hockey season where the NHL’s Coyotes will continue to play in their home at Jobing.com Arena in Glendale.
Non-Relocation Agreement 7/8/13
Arena Lease Agreement 7/8/13 (Exhibit E, Exhibit N, and the Standard Conditions of Escrow enclosed in this document are draft only, please disregard them and refer to the final exhibits and attachments posted below)
Final Executed Exhibits:
Safety and Security Agreement
Standard Conditions of Escrow
Supplemental Surcharge Procedures Escrow Agreement
Revised Agreement Ordinance
Revised Agreement Resolution
Update highlighting the city’s counter proposal points 6/28/13
Presentation Slides of Special Council Meeting 6/28/13
Memo to Mr. Bowers from Renaissance 6/26/13
Letter from Mr. Bowers to the Mayor/Council on 6/25/13
Agreement update from the City 6/27/13