Arizona Sports and Tourism Authority

The Arizona Sports and Tourism Authority (Authority) is responsible for the University of Phoenix Stadium, the multipurpose facility that houses the Arizona Cardinals and the Fiesta Bowl; and distributing monies for various statutory purposes. The Authority has taken steps to address its financial situation, but it projects continuing revenue shortfalls that will affect its ability to meet statutory distributions and reduce its operating reserve. These shortfalls should not affect its ability to meet its bond obligations. The Authority's procurement of concessions services largely adhered to best practices, which it should use for future procurements. The Authority should also make some minor changes to its oversight of the facility manager and review of youth and amateur sports grant projects.