Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - [News] UPD: City of Glendale to vote on new arena agreement with Coyotes

troutman · 05-26-2015, 02:14 PM

Coyotes attendance, revenue dips for Glendale arena

http://www.azcentral.com/story/news/...rena/27792029/

A recently released city report on the arena, covering July 2014 through April 2015, gives a first look at the costs and expenses for Gila River Arena for the full hockey season. Glendale expects to lose up to $8.7 million on the arena this fiscal year, which ends June 30, said Tom Duensing, Glendale interim assistant city manager.

The Glendale City Council on Tuesday held a closed-door executive session with the city attorney to discuss the city’s position on its agreements with the Coyotes and the arena. The agenda also included discussion of which public records must be kept confidential under state and federal law.

The Coyotes have warned the city that releasing the team’s financial data would put the team at a competitive disadvantage and would violate a confidentiality clause in the agreement.

By law, the City Council cannot disclose what was said in an executive session.

05-26-2015, 02:14 PM	#105
troutman Unfrozen Caveman Lawyer Join Date: Oct 2002 Location: Crowsnest Pass Exp:	Coyotes attendance, revenue dips for Glendale arena http://www.azcentral.com/story/news/...rena/27792029/ A recently released city report on the arena, covering July 2014 through April 2015, gives a first look at the costs and expenses for Gila River Arena for the full hockey season. Glendale expects to lose up to $8.7 million on the arena this fiscal year, which ends June 30, said Tom Duensing, Glendale interim assistant city manager. The Glendale City Council on Tuesday held a closed-door executive session with the city attorney to discuss the city’s position on its agreements with the Coyotes and the arena. The agenda also included discussion of which public records must be kept confidential under state and federal law. The Coyotes have warned the city that releasing the team’s financial data would put the team at a competitive disadvantage and would violate a confidentiality clause in the agreement. By law, the City Council cannot disclose what was said in an executive session.