Glendale Officials to Meet With Goldwater Institute Representatives in Hope of Avoiding Lawsuit Over Hockey-Team Subsidy
The right-leaning institute says it will release partial transcripts of the closed meeting, according to a news report from ABC-15 (KNXV-TV).
The city wants to raise $116 million in bonds, then give $100 million of that to a Chicago businessman who wants to buy the bankrupt Coyotes. If the deal goes through, it would prevent the team from leaving Glendale and moving to Canada.
The quasi-libertarian Goldwater Institute, however, says the deal violates a state law that bans Arizona from giving gifts.
|The Phoenix Coyotes lost 6-3 over the Detroit Red Wings last night, and "skate off into uncertainty" over their future in the Valley.|
We wonder what the city could possibly offer to the Goldwater folks that would make them change their minds. A bribe? Probably nothing overt, anyway. But without leverage, the city is stuck arguing the hoped-for, future economic benefit -- an idea the institute already has rejected as wishful thinking.