Quote:
Originally Posted by EddyBeers
I would suspect when it is all said and done that Katz is looking for about a 750 million dollar package from the City of Edmonton and the province of Alberta. Katz is willing to run the arena for free and collect the profits from the arena. The Oilers would play rent free under Katz's proposal and at the end of the day Katz would spend around zero dollars on the arena (the original proposal was for Katz to pay 5.5 million to rent the arena for 35 years and keep all the profits, with the City of Edmonton giving him 20 million for "advertising", but Katz came back and said that he needed 6 million from the city to pay for running the arena, so at the end of the day he appears to need 500K a year from the City to run the arena). Thankfully, he has taken that ridiculous request off the table, and agrees that he should be required to pay the equivalent of 1% of the value of the building in rent per year.
I would be shocked, absolutely floored, if the Flames do not ask for money from the City and the Province for their new sports facilities. Then the Flames will be in the same dog and pony show that Katz is conducting up in Edmonton.
|
Of course the flames will ask(and likely get) it's called big business.
101 even!