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Originally Posted by Jordan!
This has to be hardball negotiations or something. There's no way Glendale makes more money on a small handful of concerts than 41 games a year.
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Apparently Glendale has done an economic impact study and it was determined 20 concerts was equivalent to the same tax revenues of 43 coyotes games.
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Recently, the city requested a study to identify the impact of monthly sales tax collections for retail, restaurants, bars and hotels within the Westgate Entertainment District from attendees at Coyotes home games versus other live events. According to that economic-impact study, which was reviewed by The Athletic, “it would take approximately 20 additional concerts or large other events (with attendance of 10,000+) to equal the same amount of sales tax revenues to the city as 43 Coyotes games” in spending at the Westgate Entertainment District (outside the arena).
“What we think is not being tethered to the Coyotes really allows us to take the asset of the arena and do something really special with it,” Phelps said.
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