DALLAS — With time working against it, Glendale, Ariz., is seeking a solution to the sale of the Phoenix Coyotes hockey team that might involve a bond issue smaller than the $100 million originally planned.

Under a new effort to save the sale of the team to Matthew Hulsizer, Glendale would sell $70 million of sales tax bonds. The downsized deal would help keep the city’s costs affordable in light of rising interest rates, according to a report in the Phoenix Business Journal. The $70 million would then be handed over to Hulsizer so that he could purchase the team from the current owner, the National Hockey League.

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