Quote:
Originally Posted by Mightyfire89
Ted Leonsis, the owner of the Capitals has a net worth of around 2.8 Billion. If he spent 800 million, he would still be worth 2 billion. I understand the financial math involved is not quite that simple, but asking for handouts from area taxpayers for a new building still makes him a POS in my mind. That might be just me though. With rare exception, I loathe the Uber rich for their lack of conscience when it comes to giving back to the society that made them wealthy.
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I always thought that a good solution would be giving cities partial ownership of a team if the city commits to building an arena. For example if a new building increases the Flames franchise valuation from $1B to $1.5B, then the city should get a $500M share for 33% of the franchise.
That also prevents the team from simply leaving once the arena gets older. That way, the city benefits from a potential sale/move of the franchise.