I have a question regarding the arena parking.
According to this old article:
New Hockey Arena Will be Ready for 2003-04 Season
Glendale Officials Step Up to Keep NHL Coytoes in the Valley of the Sun
http://hockey.ballparks.com/NHL/PhoenixCoyotes/newindex.htm
Upon completion of the arena in 2003, the city will reimburse Ellman for all associated construction costs up to $180 million and will become the owner of the arena. Both the Coyotes and Glendale will use the arena for other public uses throughout the year.
The arena will be funded from taxes generated from the site, from General Obligation bonds earmarked for related projects,
parking revenues and other dedicated revenue streams. Funding for this project will not affect current city services or delay any planned projects.
The question I have is how can parking revenue be pledged to initially pay for the arena (still paying off the bonds for this purchase) and now again be pledged to repay the Hulsizer bond issue?