Phoenix XXIX: What's the next act? I'm tired of the dog & pony show
- Thread starter LadyStanley
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Wasn't the 25 Million suppose to pay for season losses? That was the whole point for the deposit.
So how can it be used for the BONDS now when it was used for the losses? Does not make any sense.
CorbeauNoir
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- Apr 13, 2010
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lol, thats hilarious. Solves the housing problem, glendale gets taxes, and guaranteed sell outs.
SuperDave21
Hockey Paradise
It satisfies their objection completely. GWI's complaint is that the "Gift Clause" is violated because the value of the parking spaces is disproportional to the monies being given. With Hulsizer's contribution of $25M, the total sum of money being given is $75M, which is less than or equal to the value of the parking spaces as evaluated by three different firms.
The judge in the CityNorth case (Turken v. Gordon) ruled...
"...that the economic activity generated by CityNorth is “undoubtedly” in the public interest."
The same goes in this case as well. The parking spaces, and the team, are in the public's interest and therefore do not violate the "Gift Clause" in Arizona's Constitution.
May I remind everyone on these forums that GWI lost the CityNorth case in which they are claiming precedent for the purchase of the Phoenix Coyotes. They also lost the following appeal as well. Not only that, but their professionalism was criticized during the case...
"The CityNorth filing argues that the Institute “compounded the length and complexity of the litigation with irrelevant ‘experts’ who hadn’t even read the agreement, and displayed a reckless disregard for the enormous fiscal and business interests with which it was interfering.” [8] According to the City of Phoenix’s filing, “Not only did the Goldwater Institute proceed with this action knowing that it might be ordered to pay the city’s fees and costs, it litigated this case in a manner that increased its scope and expense far beyond that which was required to fully litigate the dispositive issues therin.” [9][10]"
This is off Wikipedia, but I confirmed it in the actual filing. I cannot attach the filing since it is too large, but anyone is free to view it here. Simply click on the PDF file labeled "Developer Petition for Attorneys' Fees" and it will download for you.
I can't stress enough the kind of reputation GWI has in the state of Arizona and in the legal community. They are seen as "ambulance chasers" and only bog down anything they disagree with politically. They are scum and the above attachment explains the reason why. CityNorth was supposed to be a luxury shopping complex until GWI stepped in. Even though they lost the case, the damage was done. The prospective firms that were to move into CityNorth bailed and now it sits practically empty...on the taxpayers hands. I drive by it everyday and it's a reminder of what GWI does to our state. I'm not against GWI because of the Coyotes; far from it actually. I'm against them because I'm a taxpayer of Glendale, AZ, and I do not want an empty arena sitting on my dime.
EDIT: The former Attorney General of Arizona, Grant Woods, just reiterated my statement on Fox Sports Arizona during the second intermission. Senator John McCain also agreed with Grant Woods and his opinion. Goldwater Institute does not have a leg to stand on.
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Ernie
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- Aug 3, 2004
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TGOTC
Yer a wizard Oliver
87turbobuick
Registered User
Gump Hasek
Spleen Merchant
In this video John Loewen said Bettman told him that the reason MEC couldn't buy the Jets in the mid-90's was because their group didn't have a single person with a net worth of 600 million dollars to sign on the line and guarantee the future of the franchise.
http://www.youtube.com/watch?v=4tdvmhBMUCI
Yet in this case the NHL are bending over backwards to try to allow a guy with a net worth estimated to be near 300 million dollars (per ESPN) to buy Phoenix.
Double standard at play?
http://www.youtube.com/watch?v=4tdvmhBMUCI
Yet in this case the NHL are bending over backwards to try to allow a guy with a net worth estimated to be near 300 million dollars (per ESPN) to buy Phoenix.
Double standard at play?
RECCE
The Dog House
TheWestWing
Registered User
In this video John Loewen said Bettman told him that the reason MEC couldn't buy the Jets in the mid-90's was because their group didn't have a single person with a net worth of 600 million dollars to sign on the line and guarantee the future of the franchise.
http://www.youtube.com/watch?v=4tdvmhBMUCI
Yet in this case the NHL are bending over backwards to try to allow a guy with a net worth estimated to be near 300 million dollars (per ESPN) to buy Phoenix.
Double standard at play?
thats life man, we'll let a hot chic get away with more, and dump an uggo immediately. FYI: phx is the hot chic.
RECCE
The Dog House
Funny, every time I've been down there I come across numerous accidents, all the vehicles seem to be sporting AZ plates though.
87turbobuick
Registered User
Funny, every time I've been down there I come across numerous accidents, all the vehicles seem to be sporting AZ plates though.
Try Mesa at 4 when the blue hairs go grocery shopping instead of the morning or early afternoon when everybody is working.
So, you're right, we are probably done on this, although not for the reason you may have intended.
First, you argue that Coyotes Team costs cannot be claimed for the arena management fee, then you shift your argument to say that the business performance of the arena will remain as pathetic as ever, so there will be no scope for substituting Team costs in place of direct arena management costs. I expect that your legal adversaries have to stay on their toes for your redirections.
If the arena business remains as pathetic as you project, so much for the parking projections, and the extended management fees (i.e. beyond 5.5 years) are going to greatly increase the overall cost of the deal to Glendale. Conversely, if the arena meets the financial performance suggested by Glendale's parking projections, the losses on arena management will be substantially reduced and Hulsizer can still claim the full management fee by substituting Team costs. If there is no intention of substituting Team costs for arena operation costs, it begs the question as to why they are not fully excluded from the lease. Over, and out....
What the case is for other NHL deals is quite irrelevant. Whatever deals are available in other NHL markets has nothing to do with what is available in PHO.
On the rest of your post, I am afraid I cannot make heads or tails out of it.
y2kcanucks
Le Sex God
According to the Hawks broadcast, about 50% of the fans at the arena are in support of the Hawks.
RECCE
The Dog House
Oh, I didn't realize that there were specific times for individuals to go shopping...what time slot do the non snowbird "just visiting" crowd have?
Just so I know when not to go out.
TGOTC
Yer a wizard Oliver
I wouldn't doubt it. Spring Training is going on right now. There is a TON of Cubs and White Sox fans over here in AZ. Many of them live over here because of Spring Training.
razorsedge
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- Oct 19, 2006
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Thats because they're all senior citizens. We get sick of their driving here, so we send them south.
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