By Gary Grado | Arizona Capitol Times
The Arizona Coyotes want taxpayers to pay for half of planned arena in the East Valley with a public-finance scheme resembling one lawmakers have traditionally loathed.
Coyotes President and CEO Anthony LeBlanc described the financing plan as a “flavor” of Tax Increment Financing, or TIF, and “a form of tax rebate” to raise $200 million of the estimated $400 million cost.
The Coyotes have pledged to pay the other half of the arena cost.
The newly-elected speaker of the House and a senior lawmaker who formerly chaired the House Appropriations Committee said they would be resistant to a TIF or a tax rebate.
Related: Rose Law Group Reporter Phototorial: The Puck Stops Here
