Quote:
Originally Posted by Notorious Honey Badger
I could be incorrect but I believe I saw on TSN last year a lot of the outrage is the city council is made up of a lot of the same people who committed to building this thing to begin with. They made the blunder and now are trying to save their butts by throwing money at it.
Even if this thing was built by a totally different group of politicians this current city council is still throwing away good money after bad. If the arena can't sustain and pay for itself it shouldn't be there.
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Well it is there, so they have to deal with it. It would be great if there was a magic wand that could wipe away any mistakes, but the reality is that the city will paying for that arena for a long time regardless of whether or not the Coyotes are playing in it or not. They don't just get to throw up their hands and pretend that the building, and its associated costs, don't exist anymore. Unless of course the city is planning to declare bankruptcy.
Again, the question is one of finding the most prudent path going forward, be that by covering operating costs, signing over certain income streams, or mothballing the place.