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Resolute 14 · 02-25-2011, 10:50 PM

This was the 1994 deal that expires in 2014, which has been repeatedly noted as the target date for a new rink:

-Flames bought out the Stampede's management contract for $20 million
-Flames and the Stampede split the $6 million cost of new luxury suites
-The Saddledome Foundation put $7 million into infrastructure upgrades that the Flames would have to pay for if they break the contract
-Flames contribute minimum of $600,000 per year to amateur sport in the city
-Flames assume all maintenance costs, and costs of all future renovations

This was actually a huge improvement for the Flames, as the original 1983 deal saw them take in only 15% of concessions, 50% of suites and 70% of in-rink advertising, while the Stampede skimmed 10% of the Flames' ticket sales. As of 1994, the Flames accounted for 70% of the building's revenues, so they were definitely losing on the original contract. (all this from the Calgary Sun, March 20, 1994)

One of the biggest reasons why the Hitmen played in the Dome instead of the Corral was the fact that the Flames, as new managers of the arena, wanted to fill more dates. It is also why the team bought the Hitmen and did yeomans work building the team from a joke into one of the premier junior franchises in the country. One can only hope they might do the same for the Roughnecks.

Speaking of which, the owner of the Rush has "assured" the public that the Roughnecks will finish the season: http://www.calgarysun.com/sports/oth.../17414456.html

Bannister says Urban hasn't helped finance the team, but (a) I believe very little of what Bannister says, and (b) if the Roughnecks fold, Edmonton's costs go up, and they lose a good drawing card.

02-25-2011, 10:50 PM	#71
Resolute 14 In the Sin Bin Join Date: Jan 2003 Exp:	This was the 1994 deal that expires in 2014, which has been repeatedly noted as the target date for a new rink: -Flames bought out the Stampede's management contract for $20 million -Flames and the Stampede split the $6 million cost of new luxury suites -The Saddledome Foundation put $7 million into infrastructure upgrades that the Flames would have to pay for if they break the contract -Flames contribute minimum of $600,000 per year to amateur sport in the city -Flames assume all maintenance costs, and costs of all future renovations This was actually a huge improvement for the Flames, as the original 1983 deal saw them take in only 15% of concessions, 50% of suites and 70% of in-rink advertising, while the Stampede skimmed 10% of the Flames' ticket sales. As of 1994, the Flames accounted for 70% of the building's revenues, so they were definitely losing on the original contract. (all this from the Calgary Sun, March 20, 1994) One of the biggest reasons why the Hitmen played in the Dome instead of the Corral was the fact that the Flames, as new managers of the arena, wanted to fill more dates. It is also why the team bought the Hitmen and did yeomans work building the team from a joke into one of the premier junior franchises in the country. One can only hope they might do the same for the Roughnecks. Speaking of which, the owner of the Rush has "assured" the public that the Roughnecks will finish the season: http://www.calgarysun.com/sports/oth.../17414456.html Bannister says Urban hasn't helped finance the team, but (a) I believe very little of what Bannister says, and (b) if the Roughnecks fold, Edmonton's costs go up, and they lose a good drawing card.