Skip to main content

Phoenix Coyotes getting badly needed break at the Glendale arena

GLENDALE, Ariz. - The Phoenix Coyotes have been playing virtually rent-free at Jobing.com Arena for the past seven months while the city of Glendale has been trying to fill a multi-million-dollar hole in its own budget.

The struggling Coyotes could save about $4 million over the course of a year based on past payments to the city, which owns the arena. Glendale City Council members said they had no idea about the break on the lease.

"Absolutely I should have been told," Councilman Phil Lieberman told Phoenix television station KPNX. "They're using that money for their operating money when it should have been paid to the city of Glendale."

Councilwoman Joyce Clark, who represents the district that's home to the Coyotes, said she was never told about the situation.

Glendale spokeswoman Julie Frisoni said there was no need to notify council members because it was part of a change to an agreement, not an entirely new agreement the council would have to vote on.

The Coyotes said last week that several potential investors had approached them about the franchise, which reportedly has lost $200 million-plus since moving to Glendale in December 2003.

Reworking the arena lease is viewed as vital to luring new investors.

Moody's bond rating agency has raised concerns about Glendale's ability to service its mounting debt, after the city borrowed $200 million to build the new spring training complex for the Los Angeles Dodgers and Chicago White Sox.

Moody's cited continued declines in sales tax revenue.

TOP HEADLINES

USATSI_18601410

How the Colorado Avalanche Dominated their Way to the Stanley Cup

The 2021-22 Avalanche are among the deepest and most dominant collections of talent the NHL has seen in recent memory. It took years of tinkering, but it worked out.

USATSI_18601083

Colorado Avalanche Beat Lightning to Win 2022 Stanley Cup

The Colorado Avalanche beat the Tampa Lightning in Game 6 to win their first Stanley Cup since 2001.

USATSI_18588486

Cale Makar Wins 2022 Conn Smythe Trophy

After posting the most playoff points by a defenseman in the past decade, Colorado Avalanche defenseman Cale Makar has taken home the 2022 Conn Smythe Trophy.