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Phoenix Coyotes Sale Not Likely to be Done by the 15th


D-Bo7

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Glendale voters will have a say on the city's sales-tax hike.

The Arizona Supreme Court on Wednesday decided not to review a recent state appeals court ruling that placed the initiative back on the November ballot.

icon_new_pdf.png Court's ruling

City elections officials initially rejected the initiative, but an appeals court sided with initiative supporters.

If voters approve the initiative, some city leaders say it could devastate the budget-strapped city.

In June, the Glendale City Council had approved the increase to add about $20 million to city coffers and avoid severe cuts. The increase, which took effect Aug. 1, would help the city cover an arena management payment to the Phoenix Coyotes' likely buyer.

The initiative puts the issue before voters, who must decide whether they are willing to pay a 2.9 city percent sales tax on most city purchases. Before the city council approved the increase, that city sales tax rate was 2.2 percent.

With Maricopa County and state sales taxes included, shoppers in Glendale already pay a total of 10.2 percent on purchases. That's among the highest sales tax rates in the Valley.

The city had rejected the petitions submitted by the anti-sales-tax group called Save Glendale Now, saying the measure was misleading because an initiative could not reverse the council's vote to increase the tax.

Save Glendale Now sued in hopes of getting the measure back on the ballot. A Maricopa County Superior Court judge ruled in favor of Glendale, but a three-judge appellate panel said that the issue should appear on the November ballot.

The state supreme court decided Wednesday that it would not review the latter ruling, which means the appeals court ruling stands.

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Even if the season starts on time, which doesn't seem likely at this point, Doan will likely go back on his word of signing before September 15.

...and to be honest, do we really want Doan if his heart is still with Phoenix?

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Even if the season starts on time, which doesn't seem likely at this point, Doan will likely go back on his word of signing before September 15.

...and to be honest, do we really want Doan if his heart is still with Phoenix?

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There's been alot of issues during this whole saga.

The biggest and most reported on one was that Jamison didn't have the finances in place to buy and operate the team. That issue has obviously been settled now that he has brought Ice Edge holdings into the fold.

The second biggest issue, and the one that is the most detrimental to the team being sold is the lease agreement. The city of Glendale approved a 20 year $300 million lease agreement with Jamison, however they never actually signed anything yet, therefore it is not finalized.

The city council is having cold feet now because the money that was supposed to cover paying Jamison 15 million dollars a year to operate the arena, might not be available. Basically the lease agreement was approved when the city believed that there would be a sales tax increase.

There was a petition that was submitted by the people of Glendale to stop the sales tax increase, but it was rejected by the city. However now because of a ruling by a court of appeals and a supreme court, that sales tax increase will be voted on by the public, and will likely be shot down. Thereby making it so that the city doesn't have the funds to pay Jamison to operate the arena.

There's also an election coming up in Glendale where this will definitely be a hot topic. So you better believe that in true political fashion, they'll take their time with this to make sure they don't lose voters. The city of Glendale is in big trouble now financially, and the last thing the people there wanna do is bankrupt their city for a team that the majority of the population doesn't even care about.

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An appeals court in Arizona ruled yesterday that the sales tax initiative will in fact be voted upon by tax payers. And there is a strong sense that it will be voted down.

Therefore without this tax increase, the city of Glendale will not be able to afford to pay Jamison his 20 year $300 million lease agreement, and the deal could very well fall apart.

So for everyone saying, damn we missed out on Doan. Hold your horses. This thing is far from being over.

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