Arizona City Considered Using Police Station And City Hall As Collateral To Cover Payments To National Hockey League

As ThinkProgress has noted, the city of Glendale, Arizona, has laid of public sector workers and cut social services in order to hand millions of dollars to the Phoenix Coyotes, its National Hockey League franchise. The Coyotes are currently owned by the league itself, after the team declared bankruptcy, and the city had pledged $15 [...]



via ThinkProgress http://thinkprogress.org/economy/2012/06/25/505942/arizona-city-city-hall-collateral/?mobile=nc