Glendale council accepts Coyotes deal - FOX Carolina 21

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Glendale council accepts Coyotes deal

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(Source: CBS 5 News) The Glendale City Council had approved a 20-year, $324 million deal for Jobing.com Arena in June, but city leaders sought to renegotiate it. (Source: CBS 5 News) The Glendale City Council had approved a 20-year, $324 million deal for Jobing.com Arena in June, but city leaders sought to renegotiate it.
GLENDALE, AZ (CBS5/AP) -

The Glendale City Council accepted a reworked deal on Tuesday night that could keep the  Phoenix Coyotes in town.

The deal surrounds a proposed $320 million arena-management agreement with Coyotes' suitor Greg Jamison.

It was the latest step in these frustrating negotiations for Coyote fans.

The City Council had approved a 20-year, $324 million deal for Jobing.com Arena in June, but city leaders sought to renegotiate it.

The latest proposal will help Glendale because it expected to lower payments in the early years of the 20-year deal and save the city $4 million.

City Council members had a heated debate last week about the proposed arena-management agreement with potential buyer Jamison.

The NHL has operated the Coyotes since former owner Jerry Moyes took the team into bankruptcy in 2009.

Glendale has twice pledged $25 million to the league to operate the arena and keep the team in Glendale.

Copyright 2012 CBS 5 (Meredith Corporation). All rights reserved. The Associated Press contributed to this report.

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