Organizers of the Fiesta Bowl have asked Glendale to refund $600,000 for what it said was three years of overpayment of taxes on tickets at the University of Phoenix Stadium.
In turn, the city is asking Arizona Sports and Tourism Authority, which operates the stadium, for more than $608,513 in taxes it said were paid in error by the four nonprofit groups that run the Fiesta Bowl and several other sporting events in the state.
The state sports authority issued $275 million of bonds to finance the $455 million football stadium in Glendale. Revenue bonds issued under the ASTA’s credit carry underlying ratings of A-minus from Fitch Ratings and A2 from Moody’s Investors Service.
Glendale officials said the taxes should not have been collected because nonprofit organizations are exempt from city taxes.
Bowl officials are also seeking a $31,000 refund for sales taxes associated with the 2005 Insight Bowl and other events in Phoenix.
