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Greeley council adopts principal lease terms with Colorado Eagles for proposed arena; amendment to limit college-hockey revenue-sharing fails
Summary
Council adopted a resolution approving principal lease terms with the Colorado Eagles for a proposed arena after debate over revenue-sharing and suite rights; an attempt to remove a provision granting SSG 50% of college-hockey net revenue failed.
The Greeley City Council approved principal terms for a lease with the Colorado Eagles that would anchor an arena in the city’s planned catalyst area, voting 5–2 to adopt the resolution after a contentious debate over revenue-sharing and suite privileges.
Council member Butler led line-by-line questions about the draft terms, asking staff whether the version before council was the redlined copy received earlier in the day and whether certain terms were more favorable to the team than terms in the Eagles’ Blue Arena lease. Butler specifically pressed on a provision in Exhibit A, paragraph 16(b), that would give SSG a share of net revenue for college-hockey games played in the arena.
Council member Butler moved to amend the principal-term package by striking paragraph 16(b) (the line that reads "SSG will receive…
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