GLENDALE, Ariz. (AP) - The entire world will be watching Glendale on Sunday as it hosts the Super Bowl.The Super Bowl host committee spoke on Monday morning to celebrate the opening week of Super Bowl 49. They're hoping to use the bowl game to benefit Arizona.
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, and do other things.
According to the committee, 70 CEOs who are interested in moving or expanding their businesses to Arizona are coming to the Super Bowl.
Their goal is to use this tremendous platform to showcase Arizona and recruit companies to move their business to the state.
Governor Doug Ducey and Arizona Cardinals President Michael Bidwell will work together to recruit those businesses.
The Associated Press contributed to this story.