Glendale City Council Votes To Cancel 225M Arena Deal With Coyotes
The Coyotes have been dealing with financial hardships, and the city cited an Arizona conflict-of-interest statute in voting to terminate its 15-year, $225 million agreement with the Coyotes to run Gila River Arena. MORE: Bettman: Coyotes not going anywhere | Must-see Stanley Cup photos The statute gives the city the power to terminate a contract within three years of its signing if a person significantly involved in drafting the contract became involved with the other agreement’s party....