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Originally Posted by valo403
Or it would cost more than $17M to operate the arena on their own, in which case this arrangement saves them money.
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I've found some information.
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At a council workshop last week, Deputy City Manager Jim Colson said a city-commissioned analysis by TL Hocking & Associates projected Glendale could expect to bring in an average of $15.7 million annually over a 20-year lease with Jamison and $6.5 million without the Coyotes.
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If that's the case, than they are losing 1.3M per year with the Coyotes and would earn $6.5 without. This still doesn't take into account their mortgage payments for the arena or the loss in sales taxes for the area.