- Associated Press - Sunday, January 26, 2014

GLENDALE, Ariz. (AP) - Glendale city officials aren’t seeing the revenue figures they’d hoped for from Phoenix Coyotes games.

The Arizona Republic reports (https://bit.ly/1iypvUn) the city anticipated the team would bring in $6.8 million annually to help offset the $15 million it pays each year for the franchise to manage Jobing.com Arena.

City leaders say only $1.9 million has come in halfway through the fiscal year. They say the figure is $2.3 million if including sales-tax revenue from the arena.

Last year, the city approved a $225 million deal to keep the National Hockey League franchise.

Officials say the revenue is comprised of ticket surcharges, parking fees and the sharing of naming rights for the arena.

Officials say fans who have avoided parking revenue by parking elsewhere have contributed to the short fall.


Information from: The Arizona Republic, https://www.azcentral.com



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