The Arizona Republic
The National Hockey League is used to Glendale being its patsy. It sets the price for the Coyotes so high that the new owners have to exact subsidies from the city to make the deal pencil out.
It has worked before. Repeatedly. But not, apparently, this time. The Glendale City Council no longer wants to take all the risk. Good for it.
The team’s latest prospective buyer wants a locked-in $15 million a year for 15 years to manage Jobing.com Arena. It will reimburse the city what it estimates will be close to $7 million in ticket surcharges plus a portion of parking revenue and naming rights.
