Coyotes gain stability with Glendale lease approval - WTVM.com-Columbus, GA News Weather & Sports

update

Coyotes gain stability with Glendale lease approval

GLENDALE, AZ (CBS5/AP) -

Professional hockey remains in the Valley of the Sun.

The Glendale City Council gave the OK on Tuesday to an arena management agreement with a prospective owner that will keep the NHL's Coyotes franchise in Glendale and at the city-owned Jobing.com Arena.

The Coyotes, however, will now be known as the Arizona Coyotes.

The City Council voted 4-3 in favor of a 15-year, $225 million lease agreement with Renaissance Sports and Entertainment and clears the way for the group to purchase the Coyotes from the NHL, which has run the team for the past four years.

The deal does not include the "out clause" in five years that Glendale leaders sought.

The decision had been in doubt as RSE and the city went through tense negotiations during the past few weeks.

RSE may have swung the vote in its favor earlier in the day when it announced a partnership with Global Spectrum, which owns the Philadelphia Flyers, to help manage Jobing.com Arena.

Copyright 2013 CBS 5 (KPHO Broadcasting Corporation). All rights reserved. The Associated Press contributed to this report.

  • Local SportsSPORTSMore>>

  • Junior skiers show their talents during Masters Water Ski weekend

    Junior skiers show their talents during Masters Water Ski weekend

    Friday, May 26 2017 11:10 PM EDT2017-05-27 03:10:08 GMT
    Louis Duplan-Fribourg of France finishes second in slalom on his way to the All-Around title at the 25th Junior Masters Water Ski Tournament at Callaway Gardens.Louis Duplan-Fribourg of France finishes second in slalom on his way to the All-Around title at the 25th Junior Masters Water Ski Tournament at Callaway Gardens.

    Memorial Day weekend is the big weekend in the world of water skiing. It’s when the world’s best descend on Callaway Gardens for the biggest invitational tournament of the season, the Masters Water Ski Tournament. 

    More >>

    Memorial Day weekend is the big weekend in the world of water skiing. It’s when the world’s best descend on Callaway Gardens for the biggest invitational tournament of the season, the Masters Water Ski Tournament. 

    More >>
  • Columbus High Boys & Girls lead state tournament after round 1

    Columbus High Boys & Girls lead state tournament after round 1

    Tuesday, May 23 2017 4:36 PM EDT2017-05-23 20:36:12 GMT
    (Source: WTVM)(Source: WTVM)

    Columbus High is in the driver’s seat for both 4A Girls and boys state golf tournaments after the first round. 

    More >>

    Columbus High is in the driver’s seat for both 4A Girls and boys state golf tournaments after the first round.

    More >>
  • Tigers one win away from state title

    Tigers one win away from state title

    Friday, May 19 2017 11:30 PM EDT2017-05-20 03:30:04 GMT
    Rowdey Jordan scores in 4th inning to help Auburn to 9-6 win over HooverRowdey Jordan scores in 4th inning to help Auburn to 9-6 win over Hoover

    Auburn High plated five runs in the bottom of the first inning and then held on to beat Hoover 9-6 in the first game of the AHSAA Class 7A State Baseball Championship Series at Paterson Field on Friday night.

    More >>

    Auburn High plated five runs in the bottom of the first inning and then held on to beat Hoover 9-6 in the first game of the AHSAA Class 7A State Baseball Championship Series at Paterson Field on Friday night.

    More >>
Powered by Frankly