[valo403]

Originally Posted by Jay Random

Which is, let's face it, a minuscule percentage of the money those people are spending in Glendale. The city sales tax is 2.9% (after a big 'temporary' hike last year). Even if you add in the extra property and business taxes collected from the arena district, it seems hugely unlikely that there would be enough to pay for the city's subsidy to the arena and the team.

Note that the city would still collect property and business taxes from the arena district, no matter what happened with the hockey team. You can only include the difference in the amount collected.

Remember, the city is now collecting those extra taxes, and still in such dire straits that it has to talk about mortgaging City Hall. Keeping the Coyotes will, at most, keep them in the terrible financial mess they're in now, with no escape for the foreseeable future. What they really need is to be off the hook for the team's operating losses — which means they have to find a real owner willing to pay his own bills, or else let the team move. Fish or cut bait.

I have nothing against Phoenix or Glendale or the Coyotes' fans, but after the length of time this has dragged on, it's beginning to look like time to cut bait.

A study commissioned to look into this, and not just speculate from afar, found otherwise.