Actually, the situation with the Jets was stretched out over years, as well. As early as 1984, Shankerow wanted to build a new arena with help from government money. They refused. By 1989, the old arena was out of date, and Shankerow had a good point. Unfortunately, nobody in Winnipeg saw the need for an arena at the time.
The governemtn did finally throw a bone to the Jets, but not in the way they had hoped. The Government of Manitoba agreed to help cover any financial losses incurred by the team in the early 90's instead of giving financial help for an arena. By the time the governemnt finally decided to explore building an arena, it was too late as Shankerow was looking to sell the team to owners outside of Winnipeg.
At the 11th hour, the business community joined together for a last ditch effert to help save the team. Unfortunately, they could not come to an agreement, and the team headed to Phoenix.
There were lingering problems from the Spurs move up and flame out to the WHA and the franchise was in horrible shape from the KC days and well on into the New Jersey days.
The economy crashed in Denver in 82 as well.