Rebekah L. Sanders of the Arizona Republic is reporting via Twitter that Ice Edge Holdings has submitted proof of financing to the City of Glendale. The group had until tomorrow to come up with the financing terms to present to the city, but a spokesman for the group said that it has already been done.
UPDATE: Ice Edge PR Representative Robert Johnson (of HighGround Public Affairs Consultants) sent this along...
Ice Edge Holdings has submitted the appropriate documentation per the requirement of the Memorandum of Understanding passed by the City Council last week, and now will begin its work with the City of Glendale to achieve expeditious completion of the Arena Management Use Lease Agreement (AMULA).
Ice Edge Holdings also will continue to work closely with the current owners of the Coyotes, the National Hockey League, to complete the purchase of the team. Ice Edge officials outlined their plans to the League earlier this week in New York City. The League has indicated it is comfortable with the timeline as currently outlined and has committed to work with Ice Edge to move this process forward, ensuring a long-term home for the Coyotes in Arizona.