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Temple sports economist: Coyotes' arena management deal appears excessive

Media Outlet: 

Arizona Republic

If the Phoenix Coyotes hockey team left Glendale, Ariz., it could cost the city anywhere from $6 million to $15 million a year to operate the Jobing.com Arena. City officials are to discuss whether to pay potential Coyotes buyer Greg Jamison an average of $15 million a year for 20 years for arena management. Temple sport economist Joel Maxcy said the potential Jamison deal appears excessive. "As I see it, what they are doing is disguising a subsidy as a facility-management charge," Maxcy said. "Why not put it out to bid and see what the real picture is?"