Phoenix LXIV: Will You Still Need Me, Will You Still Read Me, on Thread LXIV?
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11-17-2012, 06:33 PM
Join Date: May 2010
Location: Between the Pipes
A sports economist who studies arena feasibility said the Jamison deal appeared excessive, with what appears to be a subsidy built in beyond what it would likely cost to run the arena. “As I see it, what they are doing is
disguising a subsidy
as a facility-management charge,” said Joel Maxcy of Temple University in Philadelphia.
Interim City Manager Horatio Skeete called the proposal a “package deal,” in response to it being questioned as a subsidy.
A 2010 study by the International Association of Venue Managers, a Texas-based group that tracks venues, found that among 21 arenas with a seating capacity of more than 12,000, the average annual operating expense is nearly $6million. By contrast, the mayor, who has supported deals with other Coyotes suitors, said the management fee for Jamison is a subsidy to help defray the hockey team’s losses.
No other council members responded to repeated requests for comment on the matter apart from Councilwoman Yvonne Knaack, who said she wouldn’t comment ahead of Tuesday’s workshop.
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