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Glendale mayor asks NHL for break on Coyotes' $25 mil IOU

  I am sure Glendale Mayor Elaine Scruggs will be the first person in Glendale city hall to turn off any dead beat persons water if they don't pay their water bill on time.

But I guess Glendale Mayor Elaine Scruggs feels that government dead beats are special and shouldn't be forced to pay their bills on time.

Look Mayor Scruggs, you and your fellow crooks on the Glendale city council screwed the taxpayers of Glendale by getting them into this mess, now it is time for you crooks to pay your bills. Hopefully the taxpayers will throw all of your crooked *sses out of offices for this royal screw up.

Source

Glendale mayor asks NHL for break on Coyotes' $25 mil IOU

by Cecilia Chan - Apr. 5, 2012 09:01 PM

The Republic | azcentral.com

Glendale Mayor Elaine Scruggs wants the National Hockey League to give the city a break on a $25 million payment that could become due in May for the Phoenix Coyotes' latest season.

On Tuesday, Scruggs again brought up asking the NHL for a break on the IOU.

The league, which purchased the Coyotes at a bankruptcy court auction in 2009, has been managing the team and city-owned arena until an owner can be found who is willing to keep the team in Glendale. The city paid $25 million to the NHL during the 2010-11 season and pledged another $25 million for the current season, which is expected to come due in May.

To fulfill that pledge, the city put $20 million in escrow and still needs to come up with $5 million.

The hefty payouts have nearly drained the city's reserves.

Glendale is looking at a shortfall next fiscal year that one councilwoman has estimated could reach $30 million.

 

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