Believe it or not, the Arizona Coyotes have found yet another way to get more subsidies out of Glendale: The city council will vote in June on whether to approve a $46 million parking garage to serve the Coyotes, the Arizona Cardinals, and the local mall. The garage bonds would be paid off by Glendale’s 235,000 residents, which on the face of it is only $20 $200 [EDIT: sorry, early-morning math] apiece (plus interest), but coming on top of a $220 million arena and $275 million in operating subsidies for the NHL team, it’s adding insult to injury, if nothing else.
To be precise, the parking garage would actually still be part of the original terrible deals with the Cardinals and Coyotes, which requires the city to provide 6,000 parking spaces for the football stadium and 5,500 for the hockey arena. (The new parking deck would hold 4,000.) And it would save the city a few hundred thousand dollars a year that it’s been spending on renting spaces to meet that obligation.
Still, it’s another expense that hasn’t previously been accounted for in the subsidy totals, so update your scorecards appropriately. And shake your head sadly for the poor citizens of Glendale, who are paying a record price for the presence of a hockey team that hardly any of them are actually interested in going to watch.