Phoenix LXIV: Will You Still Need Me, Will You Still Read Me, on Thread LXIV?
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11-13-2012, 12:46 PM
Join Date: Dec 2010
Originally Posted by
I found the following information from Skeete interesting.
This completely contradicts the financial rationale for the deal that was presented in June
. At that time, the COG presented an economic analysis by TL Hocking and Pollack that indicated that the direct benefits of the Coyotes lease exceeded the costs. In that case, retaining or losing the sales tax increase is a moot point, because Skeete claimed that it would cost more to lose the Coyotes than to keep them, with or without the tax. In fact, you could argue that if the sales tax had been overturned it would have been even more important to keep the Coyotes as the less expensive option.
Of course, it was all a crock based on "Clarkonomics" and false and misleading analyses from TL Hocking that was presented to the council and citizens of Glendale.
Sure does. City better off with the deal than without. That is what was presented.
Of course it would be even more important to sign the lease if the tax was reversed as the Coyotes generate so much revenue for the city.
I also recall hearing that the tax increase had nothing to do with the Coyotes. It seems rather odd that had it been reversed the Coyotes would be doomed. Skeetenomics is now all the rage in Glendale.
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