HAMILTON, Ont. – Representatives of Jim Balsillie and Hamilton Mayor Fred Eisenberger met Thursday to discuss a Copps Coliseum deal.
Balsillie is hoping to buy the bankrupt Phoenix Coyotes and move the NHL team to Hamilton.
Eisenberger says the city is only interested in a long-term agreement in exchange for exclusive hockey use of the arena.
He says the arena needs upgrades, including private boxes, that would cost about $100 million – and it would be up to Balsillie to come up with the money.
Balsillie had previously said he would be prepared to spend up to $160 million as a longer-term project to revamp Copps.
Eisenberger says he expects to come up with a framework agreement within the next week or two to present to council.