Quote:
Originally Posted by -TC-
Personally, I think all the posturing is stupid and both sides have handled this situation really badly.
This deal should have closed two years ago with an appropriate distribution of profits and liabilites for all....
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Absolutely man, but look at the deal! Katz gets all gate receipts, concessions and all hockey and non-hockey revenue in exchange for $100M and a ticket tax to help pay for the building.
What does the City get for the honour of ponying up $125M and the land as well as covering Katz's cost overruns now? "Revitalization of the downtown core!"
Thats swell and all, but its tough to put a value on that. If you want a fair deal both sides have to negotiate fairly, right now the billionaire is being cheap and trying to squeeze a deal out of the public.