Coyotes Arena Pact Is Too Costly for City

From on November 23, 2012

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A deal he helped renegotiate to keep the Phoenix Coyotes in the city’s arena is simply too expensive for the city, Glendale’s interim city manager said.
The deal might be in the best long-term interests of the city but would require $6 million in additional general fund cuts on top of $12 million already expected because of a budget crunch, interim City Manager Horatio Skeete told the City Council at a Tuesday night workshop. He said he could not recommend the deal because making $20 million in cuts could mean cutting about 200 positions in the next five years.

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