|Coyotes gain stability with Glendale lease vote|
|Written by Admin|
|Tuesday, 02 July 2013 21:04|
After making a few alterations, the council voted 4-3 in favor on a 15-year, $225 million lease agreement with Renaissance Sports & Entertainment during a special session.
The vote clears the way for RSE to purchase the Coyotes from the NHL, which has been running the team the past four years.
The decision had been in doubt as RSE and the city went through tense negotiations over the past few weeks.
RSE may have swung the vote in its favor earlier in the day when it announced a partnership with Global Spectrum, which owns the Philadelphia Flyers, to help manage Jobing.com Arena.