Quote:
Originally Posted by getbak
Plus, when MSG (the owners of The Forum at the time) threatened to sue to block construction because they said the new arena was too close to the Forum and it would hurt their business, Ballmer just bought the Forum from them for $400 million.
It's nice to be the 6th richest man in the world. |
Nothing shows the absolute oblivion to the realities of this project, for the city of Calgary, than comparing it to MSG in New York. Of course the way the projects got funded were different, the economic benefits from the projects are also wildly different.
This shows less the difference between Balmer and Edward’s and more the difference between the two projects. Balmer wouldn’t privately fund our rink either because it would be a ####ty investment. The funding model here in Calgary isn’t really about Edward’s it’s about the quality of the investment opportunity.