I wonder if Meruelo had any idea where the vote would swing? Their shop sounds genuinely surprised and even shocked it failed, but to a neutral observer it felt like the cards were stacked against them a bit and that's not even related to the Coyotes.
These kinds of projects always sound good to sports fans talking about it on a sports forum, but the general public, over and over again, absolutely loathes any kind of sports spending and it takes a mountain of effort to convince them otherwise. It almost hardly matters how good the deal is, if they're worried about roads, infrastructure, taxes, health care etc. they do not want to see a nickel go to stadium projects.