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03-28-2011, 07:56 AM
  #25
Jesus Christ Horburn
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From the article:

Quote:
The reality of this risk is not fair to a community that already has put so much of its credit on the line for this single private franchise. Glendale taxpayers originally shelled out $180 million for the facility. The potential buyer, Matthew Hulsizer, has a great opportunity to rescue the Coyotes and respect the existing taxpayers' investment commitment.

...

The Arizona Republic has estimated that Glendale will still be on the hook for up to $362 million with interest. This includes the hundreds of millions of dollars that the taxpayers have already invested to build the stadium and its surrounding infrastructure. This is not something that the taxpayers in any city can afford in the current economic environment.

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