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Old 06-11-2015, 09:52 AM   #252
Resolute 14
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Quote:
Originally Posted by Vulcan View Post
They don't pay the full $15M though as the Coyotes paid the city about $6.5M.
The city pays the Coyotes $15 million per year to manage the arena. As part of the deal, the Coyotes return a percentage of various revenues to the city. But what they pay doesn't come remotely close to what they get back, so the new city council is upset. This fact is also why the old city council, which was more Coyotes-friendly, rushed the vote through.
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