GLENDALE, Ariz. -- Glendale and potential Phoenix Coyotes buyer Greg Jamison appear to be at or near an agreement on a renegotiated deal to keep the hockey team at Jobing.com Arena.
Interim City Manager Horatio Skeete "will present the final agreed-upon restructuring terms" to elected officials on Tuesday, according to a workshop agenda posted on Friday.
The City Council could not vote on a renegotiated deal Tuesday as workshops are only for discussion. The next regularly scheduled council meeting is Oct. 9. A vote would be required at some point if there is anything that changes either party's obligations.
City leaders in June had signed off on a 20-year deal with Jamison that had the city paying him an average $15 million annually for arena management. By August, the council directed Skeete to renegotiate for a better deal. They wanted to reduce payments in the early years of the deal.
Glendale is faced with a potential $22 million to $25 million budget hole if voters in November approve a ballot initiative to repeal a temporary sales-tax hike.
A city spokeswoman would not comment Friday other than to say that Skeete is still working on the deal. Jamison did not immediately return a call for comment.
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