I agree with Fugu's thesis that IA won't renegotiate because it has no money with which to negotiate anything.
I am so disappointed that the Borrow-way "purchase" was a sham. Following this from a distance, I thought it was very refreshing that someone finally was putting his own money into it without leaning on the City of Glendale to foot the bill. So it turns out I was just foolishly naive.
I also agree with the notion that a true sale from the NHL to Ice Arizona was never actually completed in that not enough money seems to have changed hands. The NHL has set Ice Arizona up in "ownership" as a mere caretaker until the chickens come home to roost, which they eventually will whether now or later. If the Ice Clowns blow their cover the NHL will have no option but to pull the plug and relocate ASAP, unless they want to do the honourable and ethical thing by paying their own bills for a while without trying to figure out another way to send the bill to the taxpayers of the good City of Glendale.
It looks like the Clowns were nothing but a front to try to squeeze as much money out of Glendale as possible, all the while buying time for the NHL to plan an eventual relocation in the overwhelmingly likely event that the Coyotes would not financially succeed in Arizona.
Stupidly, at one time I bought in to the suggestion that the Coyotes were in Glendale to stay, and I would have liked that result, but now the whole thing seems slimier than ever.
It's actually hard to imagine the NHL surpassing its previously epic efforts to screw Glendale, but they just never give up trying. Now, as Killion says, they seem to be preparing to leave while blaming the victim.