A ticket tax is not HRR, though, while an increase in ticket price is.
So a portion of the funding needs to go to a ticket tax.
This can't be true, can it? Surely a "ticket tax" (which is nothing more than a ticket price increase with a fancy name) is captured as HRR by the collective agreement.
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This can't be true, can it? Surely a "ticket tax" (which is nothing more than a ticket price increase with a fancy name) is captured as HRR by the collective agreement.
It is true. In the CBA section 50.1 (a)(i)(A) which defines HRR due to NHL Regular season & Playoff gate Receipts:
Quote:
: All revenues received by a Club or a Club Affiliated Entity derived from the sale of NHL Regular Season and Playoff tickets, including, without limitation: (1) season tickets, (2) single game tickets, and (3) group sales (all such revenues net of admission, GST and other provincial and state or local taxes, and any other charges imposed by government regulation). ...
As a ticket tax would be a charge imposed by government regulation, it would not be included as part of HRR.
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It is true. In the CBA section 50.1 (a)(i)(A) which defines HRR due to NHL Regular season & Playoff gate Receipts:
As a ticket tax would be a charge imposed by government regulation, it would not be included as part of HRR.
But would it actually be a charge imposed by the City? Is the City going to enact a by-law imposing this charge? If so, pursuant to what authority? Municipalities are created by statute and only have the authority granted to them by statute. They therefore have very limited authority to raise revenue in the form of taxes or fees and charges.
Just some questions that come to mind.
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"Life of Russian hockey veterans is very hard," said Soviet hockey star Sergei Makarov. "Most of them don't have enough to eat these days. These old players are Russian legends."
^ I suppose a "ticket tax" could be a municipal fee or charge so long as the municipality retains ownership of the new building.
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"Life of Russian hockey veterans is very hard," said Soviet hockey star Sergei Makarov. "Most of them don't have enough to eat these days. These old players are Russian legends."
But would it actually be a charge imposed by the City? Is the City going to enact a by-law imposing this charge? If so, pursuant to what authority? Municipalities are created by statute and only have the authority granted to them by statute. They therefore have very limited authority to raise revenue in the form of taxes or fees and charges.
Also can't imagine a scenario where the Flames wouldn't push for a ticket tax to be government regulation, otherwise they have to share 50% of it with the players without receiving any of it themselves.
Don't let the fact that everything he said was wrong and that he wasn't even educated on the state of negotiations between the company he works for and the city fool you.Burkies a Harvard man. Never question s Harvard man.
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A guy recently arrived from Toronto tells a room full of Calgarians how Edmonton does it much better, and then threatens to take away the local hockey team and relocate it to Quebec.
Burke can be accused of a lot of things...uneducated is not one
Good to know. Next time I need health advice I will go see him. He's a Harvard man, and as such is educated enough to provide sound reasonable advice on everything!
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Good to know. Next time I need health advice I will go see him. He's a Harvard man, and as such is educated enough to provide sound reasonable advice on everything!
Then perhaps their commentary on his abilities should be equally as specific.
The fact of the matter is that Burke has been an NHL Executive and more or less involved in Hockey since 1977.
Some reporter who wasnt even born at that time isnt really competent to comment on what Burke does and doesnt know.
Because one thing we've seen from Burke is that when hes acting the blowhard hes doing just that, acting. His words and actions always have purpose.
Hes the Lawyer in a Courtroom. Always.
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Maybe it was a reverse Hockey Operations salvo launched at Ken King. " This is what happens when we stick our noses in each others business. You stay out of mine and I'll stay out of yours."
Then perhaps their commentary on his abilities should be equally as specific.
The fact of the matter is that Burke has been an NHL Executive and more or less involved in Hockey since 1977.
Some reporter who wasnt even born at that time isnt really competent to comment on what Burke does and doesnt know.
Because one thing we've seen from Burke is that when hes acting the blowhard hes doing just that, acting. His words and actions always have purpose.
Hes the Lawyer in a Courtroom. Always.
I am not in the Burke's a dummy camp, but just because he's educated and likely quite smart, doesn't mean he's not a blowhard who loves the sound of his own voice. You are giving him a lot of credit here, and I don't really see the cunning mastermind that you do.
Use a ticket tax all you want, just don't ask the city to bank roll it. There are capital markets out there for exactly this reason. It's absolutely not the city's responsibility to be taking on risk.
I disagree here, the city assuming risk without outlaying capital is a good opportunity to contribute to the project.
I know I would object more if the city directly subsidized a company to move their head office here than if they just underwrote the building lease. Neither are great but underwriting the ticket tax is in the realm of the types of contributions the city should be making.
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I agree - I don't have any problem with the city underwriting the ticket tax and borrowing the money themselves. It seems reasonable as they will get much better rates. Unless the city needs to borrow more money for other infrastructure costs in the foreseeable future, I don't see why the city shouldn't do that and save the Flames money.
The new arena is funny in a way. It is a private for-profit building, but it isn't like an office tower or a condo tower where the general public would never use it. The user fees attached would be quite high for basically everything, but it is available for the public at large. I see it as halfway between a library and an office tower.
Office tower - should be fully financed by the private company completely in every facet.
Library/athletic facility/etc - should be fully financed by the city - as the general public will have access to it for no user fees, or minimal user fees that aren't in place to create just profit.
I still feel the majority of the capital should be provided by the Flames' ownership group, but SOME money and some assistance by the city is ok with me. It gets tricky with the 'some' (how much dollars, how much land, how much infrastructure costs, etc), but helping to take out a loan in order to reduce the interest rate doesn't register on my radar as something that the city shouldn't be doing (once again, as long as the city isn't requiring to take out huge loans themselves for plans that they have themselves that could be adversely affected).
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