Today’s news had this tidbit regarding the Chase for the Coyotes: “Reinsdorf has asked for a special taxing district to be created near the arena that would pay the new owners as much as $23 million next year, according to documents obtained by The Arizona Republic. And if the team were still losing money after five years, Glendale would have to pay Reinsdorf $15 million for each year of losses or allow the team to be sold and moved without penalty, according to the newspaper.”Does this sound so familiar! Getting local governments to cover potential losses or allowing the team to leave if they don’t! Yikes! Been there, done that!One would be Offside not to believe that Kharma has struck yet again!So if the $23 million per year doesn't keep the team out of the red for the first 5 years, then the local government would have to pay the Coyotes $15 million per season for them to stay in years 6 and beyond. So that is $115 million in the first five years by "volunteer" taxation on local businesses around the rink? Then in year 6, the city would also cough up $15 million in addition to this $23 million per year?? All for a team that draws few fans to games and no more than flies to its local TV contract. And if the payers balk, then the team can (and will) leave.The taxpayers, led by the Goldwater Institute, will be furious at this revelation for concessions for something they clearly neither want nor support. The Goldwater Institute is like cross between PETA and Greenpeace rolled into one nasty, save-the-taxpayer-at-all-cost, association. more »