Official: Coyotes arena pact costly for Glendale

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Associated Press

Posted on November 21, 2012 at 6:57 PM

Updated Tuesday, Nov 27 at 12:17 PM

GLENDALE, Ariz. (AP) — Glendale's interim city manager says a deal he helped renegotiate to keep the Phoenix Coyotes in the city's arena is simply too expensive for the city.

Interim City Manager Horatio Skeete told the City Council at a Tuesday night workshop the deal would require $6 million in additional general fund cuts on top of $12 million already expected. Making $20 million in cuts could mean cutting about 200 positions in the next five years.

The Arizona Republic reports (http://bit.ly/TfWYok ) the city's general fund would be an additional $94 million in the red with the Coyotes deal after 20 years.

Potentials Coyotes buyer Greg Jamison told the Council his group is waiting for a city vote on the agreement before completing the purchase.

The Council delayed a vote until next week.

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Information from: The Arizona Republic, http://www.azcentral.com

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