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First step taken in Coyotes sale

Updated: May 23, 2012, 4:21 AM ET
Associated Press

GLENDALE, Ariz. -- The Glendale City Council has approved a preliminary budget that includes $17 million to be paid to the prospective buyer of the NHL's Phoenix Coyotes for operating costs for the city's Jobing.com Arena.

The 4-3 vote on Tuesday night was the first in a series of moves necessary before the council approves a new lease for the arena.

The council has two more preliminary budget hearings before taking a final budget vote. No date has been set for the council to consider ...

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