Super Bowl host city still reeling over sports deals
GLENDALE, AZ - The entire world will be watching Glendale on Sunday as it hosts the Super Bowl.
What may be not visible amid all the hoopla is a sobering reality about the Super Bowl host city: Glendale is suffering deep financial issues over its troubled effort to become a sports destination.
Glendale bet big on professional sports in recent years. Then the economy tanked.
The city has found stronger financial footing since then and its bond rating has improved markedly, but not without having to raise taxes, trim 25 percent of the municipal workforce, cut back on paving projects, among other things.
To fiscal conservatives, Glendale serves as a cautionary tale for suburban cities across the United States that want to throw public money at professional sports projects.