Quote:
Originally Posted by Resolute 14
On the overall picture, you may well be right. But this report deals with the arena exclusively, and an arena without a tenant makes less money than an arena with one. Certainly it may make no sense at all for Glendale to own and operate the team by itself, but if someone else is eating the losses, Glendale really is better off with an NHL team there than without.
|
The trouble is, every proposal I've heard of so far requires Glendale to pay a big subsidy to cover those losses — which more than wipes out any rent they would receive from that tenant. So that's a pretty big if.