City of Glendale shells out nearly $200 million to keep struggling NHL club
If the Winnipeg Jets or the Quebec Nordiques ever spring back to life, it likely won’t be due to the disappearance of the Phoenix Coyotes. The much-maligned NHL club looks set to remain in Arizona after the city of Glendale approved a new arena lease for the team that will cost local taxpayers $197 million over six years. The move is expected to clear the way for the sale of the Coyotes to Chicago businessman Matt Hulsizer.