Glendale's Gila River Arena posted one of its best seasons financially since 2010, but the city still saw a net loss of $4 million on arena operations in fiscal year 2017.

That's a sizable improvement from a net loss of just under $10 million in fiscal 2015 and a net loss of $22.8 million in fiscal 2011. 

"We are definitely going in the right direction," Glendale Mayor Jerry Weirs said. 

Barroway said the team would remain in Arizona and pursue a new arena. "We're going to get a new stadium in Arizona, where it should have been located to begin with," he said.

Team President and CEO Steve Patterson said the team was open to talking with anyone interested in a partnership.

“We are not going to address our ongoing lease arrangement at this time. We have a great working relationship with AEG who is also a member of the NHL's Board of Governors (L.A. Kings) and a great partner of ours.” 

The team lobbied for $225 million in public money to build a new arena in either downtown Phoenix or the East Valley back in March. Higher-ups from the team and NHL threatened the Coyotes would leave Arizona if the state Legislature didn't pass the bill. 

The legislation died in the Senate. 

http://www.azcentral.com/story/news/local/glendale/2017/08/24/gila-river-arena-profit-arizona-coyotes-leave-glendale/574681001/ 

Team: Arizona Diamondbacks.

Home: Chase Field.

Owner: Maricopa County.

Location: Downtown Phoenix.

Opened: March 31,1998.

Public cost: $238 million.

Team's annual rent: $4.3 million.

Problem:

The team contends Maricopa County, the landlord, does not have the resources to adequately fund current and long-term repairs. The team also wants to manage the facility for non-baseball events and is upset because it pays the highest rent among the Valley's four professional teams.

Michael Chow/The Republic

Team: Phoenix Suns.

Home: Talking Stick Resort Arena.

Owner: City of Phoenix.

Location: Downtown Phoenix.

Opened: June 6, 1992.

Public cost: $35 million.

Team's annual rent: $1.4 million.

Problem:

The Suns have quietly lobbied City Hall for a new facility because the team considers the current 24-year-old arena outdated. Mayor Greg Stanton has proposed building a shared facility with the Coyotes. But Suns owner Robert Sarver isn't thrilled about splitting arena-related revenues with the pro hockey team.

David Kadlubowski/azcentral sports

Team: Arizona Coyotes.

Home: Gila River Arena.

Owner: City of Glendale.

Location: Glendale's Westgate Entertainment District.

Opened: Dec. 26, 2003.

Public cost: $180 million.

Team's annual rent: $500,000.

Problem:

The team’s investors are upset the Glendale City Council voided a 15-year, $225 million management agreement with the team in 2015. The deal had paid the Coyotes $15 million a year, with partial reimbursements based on revenue generated at the arena. The reimbursements failed to meet projections.

Rob Schumacher/azcentral sports

Team: Arizona Cardinals.

Home: University of Phoenix Stadium.

Owner: Arizona Sports & Tourism Authority.

Location: Glendale's Westgate Entertainment District.

Opened: Aug. 1, 2006.

Public cost: $300.4 million.

Team's annual rent: $292,915.

Problem:

None.

The Republic

Suivre @Gerant