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It's Third-and-Long for New Stadium

PHOENIX-Two suburbs hoping to build football facility find it would likely cost eight times more than they would earn from it.

By D.J. Burrough | Updated on September 21, 2000

PHOENIX-Two suburbs hoping to build a new stadium to keep pro football’s Arizona Cardinals have learned that the cost of the facility would likely be eight times larger than the revenue it would generate.

In a new study released by consultants Ernst & Young, Tempe and Mesa learned that it would cost them $122 million to prepare a joint site for the football stadium and would only bring them $15.8 million in revenue over the next 30 years.

The results of the study reduce the chance that the two cities will put a stadium-related proposal on the November ballot. “I’m not excited about investing $122 million to get $15 million,” says Mesa Councilman Bill Jaffa.

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