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troutman · 06-05-2012, 11:04 AM

http://www.azcentral.com/news/articl...ial-buyer.html

A Republic analysis revealed that even if the Coyotes went to the Stanley Cup Finals for the next 20 seasons and the arena booked 30 sold-out concerts each year for the next 20 years, Glendale could still expect to lose about $9 million annually.

That figure does not include the city's annual arena debt payments, which will average about $12.6 million a year over the next 20 years.

Sports economist John Vrooman said the team brings intangible benefits to Glendale, but the balance sheet may not add up for taxpayers. "(The city) needs to make sure the costs and benefits are all lined up and match up," said Vrooman of Vanderbilt University. "The benefit and the cost doesn't seem to match up in this case."

06-05-2012, 11:04 AM	#863
troutman Unfrozen Caveman Lawyer Join Date: Oct 2002 Location: Crowsnest Pass Exp:	http://www.azcentral.com/news/articl...ial-buyer.html A Republic analysis revealed that even if the Coyotes went to the Stanley Cup Finals for the next 20 seasons and the arena booked 30 sold-out concerts each year for the next 20 years, Glendale could still expect to lose about $9 million annually. That figure does not include the city's annual arena debt payments, which will average about $12.6 million a year over the next 20 years. Sports economist John Vrooman said the team brings intangible benefits to Glendale, but the balance sheet may not add up for taxpayers. "(The city) needs to make sure the costs and benefits are all lined up and match up," said Vrooman of Vanderbilt University. "The benefit and the cost doesn't seem to match up in this case."