City Hall, Escrow Account Come into Play in Coyotes Saga

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City Hall, Escrow Account Come into Play in Coyotes Saga
Courtesy of FoxSportsArizona.com

GLENDALE, Ariz. – They're playing politics in Glendale. Get ready for a wild, week-long ride of expertly timed leaks of information in attempt to influence public opinion -- both by groups supporting and those attempting to scuttle a deal keeping the Coyotes at Jobing.com Arena. On Monday, multiple reports surfaced that Glendale might use City Hall as collateral to borrow $30 million to help pay off two $25 million commitments the city made to the National Hockey League for arena management fees. The fees were made in exchange for the league operating Jobing.com Arena in fiscal years 2011 and 2012.

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