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The Glendale City Council has voted unanimously in favor of a restructured arena lease agreement with the Arizona Coyotes, keeping the team in the desert for at least two more years. The seven-member council voted on Friday to approve the deal that replaces a 15-year, $225 million arena management lease signed with IceArizona in 2013. The new deal cuts Glendale's annual arena management fee to the Coyotes from $15 million to $6.5 million and turns all hockey-related profits over to the team.
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