Quote:
Originally Posted by getbak
The NHL should do what the NFL has done and take a percentage of league revenue and set it aside for arena construction/improvement projects: http://www.fieldofschemes.com/news/a...tablishes.html
Teams can borrow against this fund, dollar for dollar matching their own investment, up to $200 million. Then, the money is repaid from the new revenue generated that would normally go into revenue-sharing.
The NFL takes 1.5% of revenue to fund the fund. They have much higher revenue, but their buildings also cost a lot more to build, and generally aren't shared with other permanent tenants.
2% of $3B in revenue would put $60M a year into a similar fund for the NHL. |
Great idea but would require more funding.
Using your numbers, assume each team would want a new building every 30 years (for easy math, the truth is probably closer to 20). That would mean one team per year.
That would mean they would have to raise $200M per year or about 7% of revenues.