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02-13-2013, 05:30 PM
Tortious Beadicus
Join Date: Nov 2009
Location: Bay Area, CA
Country: United States
Posts: 3,211
vCash: 500
Originally Posted by XX View Post
Anyone want to tear that apart? Was Glendale not previously paying for the operating cost of the arena? If so, that would explain why the Coyotes were 15+ million in the hole every year, regardless of what they did.
I have no desire to read or review blogs by Robocall guy masquerading as Joyce Clark. Just reading the line you quoted "the cost of operating would be $13,829,823. It then seems reasonable to peg any lease management agreement for arena at $14M annually" is enough for me to conclude it's another zero wattage effort.

Anyway, if you are so inclined, over the summer there was a BOH exercise to determine what legitimate arena management costs look like. You can pick up the thread starting at #986 and follow it through #114 on LX: Pinocchio's Future. Or, if you're sane enough to not want to wade through all that, BarneyG brilliantly summarized how consultants like Hocking and Hunden create fictional results.

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