Quote:
Originally Posted by oilers_fan
I stopped reading at the city spend 800 million. Taxpayers don't want a CENT to go towards this project, how do you think spending 800 million would go over?
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But a 50 dollar ticket tax would allow Katz to pay back the City in 37 years. The City eventually would not be paying anything to build the arena (except for the additional 2-3 percent it would probably cost the City to borrow the money on top of the 4% they are actually getting in interest from Katz).
In 2011 the average ticket price was 70 bucks.
http://www.forbes.com/teams/edmonton-oilers/
If you made it a 70 dollar ticket tax, Katz could have his arena paid off in 21 years. Win Win for everyone, Katz gets his arena, and the taxpayer does not have to pay for it. I am sure Katz as a respectable business man does not want the government interfering with his capitalist operations. Slap a 70 dollar ticket tax on all Oilers games and let him run the arena as his own, making all the profits and paying all the expenses and lock him into a 21 year lease where the damages for breaking the lease are the equivalent of the amount outstanding on the arena loan and get a personal guarantee from him and call it a day.