Coyotes institute parking fees at two lots with reduced price for STH
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09-01-2013, 08:59 PM
Join Date: Jul 2003
Originally Posted by
Actually, I think the more the cheap and convenient parking options, the better. Parking is not going to be a big revenue generator for the Coyotes' owners since they can only keep a maximum of $20,000 per game. The rest goes to the City of Glendale. The most important thing is that the parking situation doesn't inhibit the growth of the fan base, and doesn't turn off existing fans. So, the more parking options the better.
I have to disagree with that. On the one hand, cheap parking is great for the fans since people like cheap stuff.
But from a business standpoint it's horrible. RSE loses money because there are cheaper options. COG loses money because they are relying on RSE to generate extra dollars to pay for the AMF and therefore have to pay the AMG out of pocket rather than through RSE generated revenues. And according to the documents from the end of June, they were "estimating" that 2.243 million would be generated from parking revenues.
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