Glendale expects to lose $8M on Coyotes arena

Screen Shot 2015-05-26 at 1.50.34 PMBy Peter Corbett, The Republic | azcentral.com

Glendale’s losses for hockey and concerts at Gila River Arena through April hit $6.3 million, up nearly 14 percent from a year earlier.

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.

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