None of the reductions are in police or fire. Police lost >20 FTEs last year, including 10 vacant officer positions and a handful of crime prevention positions.
These reductions are mostly in parks & rec and in public works. Glendale Jazz & Blues Festival (400,000 annual attendance apparently) and downtown beautification positions eliminated. Preventative maintenance of HVAC systems eliminated.
Plenty's happened. Unfortunately, because of the lockout penalty clause, we are in a holding pattern. It makes little sense for Jamison to close the deal before Jan. 31, 2013.
http://www.mynhltraderumors.com/tag/phoenix-coyotes/
•David Pagnotta via twitter: Part of the Glendale City Council vote: “3. (My fav) The Arena Manager will pay the city $60,000 for every game not played during the season caused by a lock out or player’s strike.â€
https://twitter.com/TheFourthPeriod/statuses/273633095654195200
Nothing will happen. GJ doesn't have the cash. He would have bought them long ago if he did. Days not weeks, remember?
That's what I thought as well. 15 million per year to run the arena. If the Yotes miss an entire year he has to give back about 2.5 million. Giddyup what's the hold up?So they cancel support for something that draws about as many fans as the Yotes but for a lot less money......
The lockout should hasten his purchasing of the team. If the season is lost, he pays about $2.7 mil to the city but gets to pocket a cool net of what, about $7 mil for doing nothing except buying the team.
Exactly because if he did, he would buy it to make sure he gets the big payday from the city.
The lockout should hasten his purchasing of the team. If the season is lost, he pays about $2.7 mil to the city but gets to pocket a cool net of what, about $7 mil for doing nothing except buying the team.
.
4 Down.
Containment
Area for
Relocated
Yankee's
(Wealthy enclave of Gated Communities in Georgia populated with primarily former Northeastern & Midwestern Americans)
Unless an emergency meeting is called.... correct.
and his AC bill would be pennies, not needing to actually have ice in there. and think of all that free beer and snuggies he wouldn't have had to give away.The lockout should hasten his purchasing of the team. If the season is lost, he pays about $2.7 mil to the city but gets to pocket a cool net of what, about $7 mil for doing nothing except buying the team.
Lets do the math again....I haven't come across one article, that tells when the City would send Jamison his management check.
For all we know, he gets that check in April at the end of the regular season or after the SC playoffs.
What we do know, is that he loses $60,000 per home game during a lockout.
Lets do the math again....
He loses 60,000 a game from the 366,000 a game he gets, yes I know he still has to manage the place with other things for that 366,000 a game but I didn't see any performance clause penalties other than the 60,000 a game. Maybe he could get away with no other bookings.
Who cares when they give it to him? and I'd have a hard time believing he had to start paying the city before they started paying him.
and his AC bill would be pennies, not needing to actually have ice in there. and think of all that free beer and snuggies he wouldn't have had to give away.
See you have it backwards. You don't get free beer with you buy a ticket. You get a free ticket when you buy beer...
All I know is... if I was Jamison I would watch out when I go to cash that AMF cheque... the bounce just might take your head off.
See you have it backwards. You don't get free beer with you buy a ticket. You get a free ticket when you buy beer...
That's what I thought as well. 15 million per year to run the arena. If the Yotes miss an entire year he has to give back about 2.5 million. Giddyup what's the hold up?
So for 2.5 million per year he can forget about the Yotes entirely and just accept 12.5 million per year to manage the place. Again I couldn't sign fast enough. The paper might combust.
Festivus for the rest of us!
On a Glendale note, just a summation of the fund ponzi scheme:
Key Glendale staffers OK'd improper fund shifting
http://www.azcentral.com/community/glendale/articles/20121211glendale-staffers-fund.html
Top Glendale administrators, including interim City Manager Horatio Skeete, signed off on improper transfers from a city fund to help make ends meet, according to more than three years of records reviewed by The Arizona Republic.
The records, which include internal e-mails, provide insight on who was involved in the transfers. None of the e-mails about the transfers included now-retired City Manager Ed Beasley, but Skeete recently told the council final decisions always rested with Beasley.
Budget Director Sherry Schurhammer said she and Skeete had recommended providing the council with at least an estimate of the early-retirement penalty, but Beasley chose not to include it in his 2009-10 budget. Beasley could not be reached for comment.
The city auditor who reviewed the Risk Management Trust Fund this spring had raised concerns that Skeete was making it difficult to conduct the audit.
Asked whether he ever questioned or knew that the transfers were improper, Skeete said he relied on the risk manager and the HR head’s recommendation. “It probably should have been discussed more,†Skeete said.
I thought it was vodka
We're two weeks away from everything being finalized in two weeks.
You forgot one very important expense- cost of capital! The money needed to purchase the team costs a lot of money each year. Lets just say that it is junk bond quality so a cost of capital could well be 5-8%. At 5%, the cost of the money is ($170MM purchase price) is 8.5MM per year. The coaches and and a skeleton staff still cost $6MM++ so tell me where is GJ making money without his team playing? Real answer: he isn`t!!!
You forgot one very important expense- cost of capital! The money needed to purchase the team costs a lot of money each year. Lets just say that it is junk bond quality so a cost of capital could well be 5-8%. At 5%, the cost of the money is ($170MM purchase price) is 8.5MM per year. The coaches and and a skeleton staff still cost $6MM++ so tell me where is GJ making money without his team playing? Real answer: he isn`t!!!
So they cancel support for something that draws about as many fans as the Yotes but for a lot less money.
North Carolina not Georgia.
You forgot one very important expense- cost of capital! The money needed to purchase the team costs a lot of money each year. Lets just say that it is junk bond quality so a cost of capital could well be 5-8%. At 5%, the cost of the money is ($170MM purchase price) is 8.5MM per year. The coaches and and a skeleton staff still cost $6MM++ so tell me where is GJ making money without his team playing? Real answer: he isn`t!!!
Phoenix 67: Swan song for the Leather Sheik.