Quote:
Originally Posted by fokkerfan
So if I have this straight, the bond issue is based on being repaid by parking revenues that they don't currently charge for? They can do as many studies as they want but how can anyone possibly know the answer? Remember when Calgary started to charge for parking at the C*train stations? Seems like a flawed investment strategy to me. Does anyone have a link to the study results indicating what they expect to recoup per game in parking revenues?
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They have 5,500 parking stalls. In order to recoup their investment (break even) with the bonds being sold at 5% (they're currently at 8%) they need to charge $13 per car and have it full every game. This is right in the study.
Keep in mind that a 5-minute walk away is University of Phoenix Stadium with probably 15,000 parking stalls still available for free.