Coyotes awaiting vote on arena lease deal

Posted: Updated:
By Catherine Holland By Catherine Holland

GLENDALE, Ariz. (AP) -- The Phoenix Coyotes' four-year bid for stability will finally come to a close soon.

At tonight's Glendale City Council meeting, the Coyotes will find out if the city will approve an arena lease agreement with Renaissance Sports & Entertainment, which has an agreement in place to buy the franchise from the NHL.

Should the council approve the 15-year, $225 million deal for Arena, the path will be cleared for the Coyotes to stay in Arizona.

If the vote is against the lease deal, the Coyotes are likely headed out of town for good, possibly to Seattle.

NHL Commissioner Gary Bettman has said the Coyotes likely won't be playing in Arizona if the lease deal isn't approved.