[troutman]

3 scenarios for Glendale budget: All include cuts
Glendale finances tied to voters, arena, debt

http://www.azcentral.com/community/g...og.html?page=2

Without the team, Skeete penciled in an arena-management fee of about $6 million, a figure he estimated based on past arena audits from the former Coyotes owner and initial research into other cities' arena deals.

That fee is far lower than the amount discussed by former City Manager Ed Beasley, who had said it would cost at least $12 million to operate the arena. City officials had said the fee to Jamison was not a subsidy to the financially beleaguered franchise.

The city has never put management of the arena out for bid, so it's unclear if the city could actually find a company to book and operate the arena for Skeete's $6 million estimate. But an analysis based on that estimate shows Glendale could save about $29.5 million in the next five years if the Coyotes leave.