Part XVII: Phoenix -- This Thread Title Available For Lease
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12-20-2010, 04:30 PM
Join Date: May 2007
Please correct me if I am wrong, but isn't the $17M going to the ownership group for operating the arena offset by the operating costs? If my understanding is correct, does anyone know what the operating costs are annually?
My point is that the $17M may be more defensible if it is offset with the risks undertaken that would include the operating expenses. Am I totally off base here, or is it just not clear from the lease documents? I have read media reports that could be interpreted as including the operating expenses as a leasee responsibility, and media reports making the $17M sound like a pure payment for providing arena operation managment but the costs all still fall on the arena owner Glendale.
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