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TWJN
Showing posts with label Glendale. Show all posts
Showing posts with label Glendale. Show all posts
Friday, July 8, 2011
Sunday, April 24, 2011
Wednesday, April 20, 2011
Friday, April 15, 2011
The McMahon Group - Glendale Mayor Elaine Scruggs Keeps Churning It Out...
Work it out with GWI on camera...JUST LIKE THIS! All of Winnipeg (and really, the entire Hockey community outside of AZ) F'N DARES YOU!!! This is the blind leading the blind!
Scruggs JUST looked up the Yotes (inflated) average attendance TWO NIGHTS ago?! Wow, her finger is really on the pulse of this thing!
TWJN
Friday, April 8, 2011
Monday, March 28, 2011
Does The City of Glendale Have A Buyer for the Bonds?
The City of Glendale apparently has a buyer for the bonds. It is around the 1-minute mark. Does it matter with Goldwater prepped to sue? Will the City of Glendale actually profit from the purchase going sour?
TWJN
Monday, March 21, 2011
Matthew Hulsizer & Todd Walsh Discuss the Phoenix Coyotes' Future
Suffice it to say, Monday will be a busy day for ALL interested fans and parties.
TWJN
Thursday, March 10, 2011
Gary Bettman looking somewhat frustrated...
...as alluded to in this video, maybe for the first time EVER!?
TWJN
Saturday, March 5, 2011
A Yotes Diva in Denial....
In response to:
http://icehockeydiva.blogspot.com/2011/03/guest-post-odds-of-coyotes-staying-in.html#comment-form
She wouldn't post my comments below:
"...you’re looking at $100 million in losses versus $500 million losses. Hmm. A betting man would take the former, to be sure. Only a crazy gambler would risk losing the half billion..."
Seems to me that same "crazy gambler" ALREADY risked losing the half billion, and did. It's not like this is the first sign that things were heading in the wrong direction after around 15 years. Was this not degenerate-like gambling at some point BEFORE the $500m total?
You should also factor in that the terms are now worse than before: You are expecting that the habits of the same people (that helped create these numbers) are going to improve now that they will be burdened with EVEN MORE (parking) costs??
Insanity is doing the same thing and expecting different results...
What do you call doing the same thing (but worse) and expecting BETTER results? I won't be so rude as to tell you what I would call it.
GWI was created for this very scenario: Your Mayor and cohorts are flat-out guilty of going against your constitution - and who should know better than these very people!? The "gambling" that you referred comes with a penalty in your State - it is not a freedom of choice-like scenario. Plus, it isn't just your money that you are gambling with here...I seem to recall something about Gretzky getting stiffed somewhere along the way??
The COG WILL be sued as a result of this type of action...and a blind man can see that they will be found guilty of the charges.
TWJN
PS - This was written before the announcement that COG is going to sue Goldwater - that should be rich!
http://icehockeydiva.blogspot.com/2011/03/guest-post-odds-of-coyotes-staying-in.html#comment-form
She wouldn't post my comments below:
"...you’re looking at $100 million in losses versus $500 million losses. Hmm. A betting man would take the former, to be sure. Only a crazy gambler would risk losing the half billion..."
Seems to me that same "crazy gambler" ALREADY risked losing the half billion, and did. It's not like this is the first sign that things were heading in the wrong direction after around 15 years. Was this not degenerate-like gambling at some point BEFORE the $500m total?
You should also factor in that the terms are now worse than before: You are expecting that the habits of the same people (that helped create these numbers) are going to improve now that they will be burdened with EVEN MORE (parking) costs??
Insanity is doing the same thing and expecting different results...
What do you call doing the same thing (but worse) and expecting BETTER results? I won't be so rude as to tell you what I would call it.
GWI was created for this very scenario: Your Mayor and cohorts are flat-out guilty of going against your constitution - and who should know better than these very people!? The "gambling" that you referred comes with a penalty in your State - it is not a freedom of choice-like scenario. Plus, it isn't just your money that you are gambling with here...I seem to recall something about Gretzky getting stiffed somewhere along the way??
The COG WILL be sued as a result of this type of action...and a blind man can see that they will be found guilty of the charges.
TWJN
PS - This was written before the announcement that COG is going to sue Goldwater - that should be rich!
Saturday, February 19, 2011
Friday, February 18, 2011
The Coyotes staying in Glendale sounds very promising! (I am drooling with sarcasm.)
The latest on what the city of Glendale is (erroneously) doing to keep the Phoenix Coyotes at Jobing.com Arena.
This is (really) all that anyone should need to hear to make an investment decision.
I am sure that the NHL is still going to drag things out and try to make this happen, some how...but wow, talk about a terrible sales pitch.
TWJN
Wednesday, February 2, 2011
Phoenix Coyotes & Comments from Glendale's Mayor Scruggs
This is an attempt at smoke and mirrors without the smoke and mirrors part.
Wow.
TWJN
Thursday, December 16, 2010
Back to the drawing board for Winnipeg's NHL hopes...
Wednesday, 12.15.2010
By Jerry Brown - NHL.com Correspondent
GLENDALE, Ariz. -- It took two years and more possible ownership scenarios than you can shake a hockey stick at, but the Phoenix Coyotes are staying right where they are -- in Glendale.
After a meeting that ran more than four hours, the Glendale City Council on Tuesday voted 5-2 to approve a $197 million deal that will keep the team, which has been owned by the NHL for more than a year, in town. As a result, Chicago businessman Matthew Hulsizer took a huge step toward becoming the fourth owner of the franchise since it moved to the desert from Winnipeg in 1996.
"I'm happy the council went this way and the hard work starts now," said Hulsizer, who added that he expects to assume control of the team within weeks, not months. "We have a long process, but in the end I think we're going build a great product."
Hulsizer and NHL Commissioner Gary Bettman addressed the council in a jam-packed chamber filled with more than 300 Coyotes fans who came to urge Mayor Elaine Scruggs and the council to keep the team in town – and some Glendale citizens who were opposed to more city investment. Hulsizer received a standing ovation from most of the crowd after he spoke.
Bettman said the NHL is relieved that the process of finding a new owner is coming to an end with the approval of the lease.
"We're very pleased that this difficult process that we have been engaged in the last two years is finally coming to a conclusion, and one that we were seeking from the outset," said Bettman, who added that Glendale has also been promised an All-Star Game within three years -- with the likely scenario being the 2013 game.
"As always, we seek to make relocation an absolute last resort," Bettman said. "We believe that the Coyotes and NHL hockey can be successful in Glendale, and the circumstance we went through a year and a half ago (when former owner Jerry Moyes filed for bankruptcy) weren't indicative of whether we were in a position to see things done right."
The city is betting that Hulsizer, who will use $100 million of the approved money to help purchase the team from the NHL for a reported $170 million, has the business ability and hockey background to give the team footing, on and off the ice. In return, the city claims ownership of parking around Jobing.com Arena, which was free in the past for Coyotes games and other arena events, but will now be looked to a revenue stream that, along with ticket surcharges, will allow the city to recapture its investment.
Hulsizer said those who felt that Glendale was giving a rich man more money "don't understand economics very well."
"I'm certainly risking money and putting money up and the city is buying parking from us, which is revenue we could use but we're not going to get. We're going have to make do without it, like most other hockey teams. This is not a team that has been profitable, that's why it's in bankruptcy. We need to do a lot of work and we need to make a lot of investment to make this thing successful and we expect to do that."
Hulsizer said he doesn't expect to make money "for a long time," and then was asked how long.
"Certainly not in the next few years," he said. "But I will tell you that 10 or 15 years from now, I think, along with the economy, things are going to come back. This is a big bet by us on Arizona and specifically this area, but I think we're going to come out of this."
By Jerry Brown - NHL.com Correspondent
GLENDALE, Ariz. -- It took two years and more possible ownership scenarios than you can shake a hockey stick at, but the Phoenix Coyotes are staying right where they are -- in Glendale.
After a meeting that ran more than four hours, the Glendale City Council on Tuesday voted 5-2 to approve a $197 million deal that will keep the team, which has been owned by the NHL for more than a year, in town. As a result, Chicago businessman Matthew Hulsizer took a huge step toward becoming the fourth owner of the franchise since it moved to the desert from Winnipeg in 1996.
"I'm happy the council went this way and the hard work starts now," said Hulsizer, who added that he expects to assume control of the team within weeks, not months. "We have a long process, but in the end I think we're going build a great product."
Hulsizer and NHL Commissioner Gary Bettman addressed the council in a jam-packed chamber filled with more than 300 Coyotes fans who came to urge Mayor Elaine Scruggs and the council to keep the team in town – and some Glendale citizens who were opposed to more city investment. Hulsizer received a standing ovation from most of the crowd after he spoke.
Bettman said the NHL is relieved that the process of finding a new owner is coming to an end with the approval of the lease.
"We're very pleased that this difficult process that we have been engaged in the last two years is finally coming to a conclusion, and one that we were seeking from the outset," said Bettman, who added that Glendale has also been promised an All-Star Game within three years -- with the likely scenario being the 2013 game.
"As always, we seek to make relocation an absolute last resort," Bettman said. "We believe that the Coyotes and NHL hockey can be successful in Glendale, and the circumstance we went through a year and a half ago (when former owner Jerry Moyes filed for bankruptcy) weren't indicative of whether we were in a position to see things done right."
The city is betting that Hulsizer, who will use $100 million of the approved money to help purchase the team from the NHL for a reported $170 million, has the business ability and hockey background to give the team footing, on and off the ice. In return, the city claims ownership of parking around Jobing.com Arena, which was free in the past for Coyotes games and other arena events, but will now be looked to a revenue stream that, along with ticket surcharges, will allow the city to recapture its investment.
Hulsizer said those who felt that Glendale was giving a rich man more money "don't understand economics very well."
"I'm certainly risking money and putting money up and the city is buying parking from us, which is revenue we could use but we're not going to get. We're going have to make do without it, like most other hockey teams. This is not a team that has been profitable, that's why it's in bankruptcy. We need to do a lot of work and we need to make a lot of investment to make this thing successful and we expect to do that."
Hulsizer said he doesn't expect to make money "for a long time," and then was asked how long.
"Certainly not in the next few years," he said. "But I will tell you that 10 or 15 years from now, I think, along with the economy, things are going to come back. This is a big bet by us on Arizona and specifically this area, but I think we're going to come out of this."
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