Glendale Swimming in Ballpark, Sports District Debt

The economy and a number of other challenges have put the City of Glendale (AZ) in a serious financial pickle.  Last year alone, the city had to borrow $13 million to pay $31 million in debt payments for a sports district that includes a hockey arena for the struggling Phoenix Coyotes, Camelback Ranch Glendale spring training facility, conference center, media center, and parking garage.  The recession has hurt tourism tax revenues, and the resort and shopping complex that the city was expecting to pay off the debt load on the baseball stadium has still not yet been built.  This of course heats up the debate about publicly-funded sports facilities.  Read more here.

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Filed under Money & Financials, Stadium Issues

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