Phoenix LXIV: Will You Still Need Me, Will You Still Read Me, on Thread LXIV?
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11-20-2012, 09:08 PM
Join Date: Apr 2007
Originally Posted by
The slides aren't numbered
On the slide with the 10 year forecast, in FY22, with the JIG lease, the city will have a negative General Fund balance of -$17.9MM. Without the JIG lease, the forecast is for a negative General Fund balance of -$17.1MM.
Or put simply, at the 10-year point of the agreement, Skeete forecasts that Glendale is $800k better off without the Coyotes.
For those who watched the whole thing (I know you didn't), why the hell are "general fund expenditures" roughly 5% higher under the "no team" scenario than the "team stays" scenario? Everything related to the arena is a separate line item.
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