Quote:
Originally Posted by heep223
This is such a simplistic, narrow view to take. Not only do you not know anything about the structure of the deal, you're not considering ancillary benefits to the city with increasing development/tax base in the area, tourism, etc. Not to mention that this virtually guarantees the team will stay in Calgary for the foreseeable future (ie. 25+ years), the players all paying provincial income tax, the long-term benefit to local business and development of the city (again tax base)...think of all the condos that will go up around the new arena, every single unit paying property taxes long term, all the development and zoning fees the city takes...Plus for all we know the city could be getting repaid + a return.
Or, the world is black and white. It's easier that way.
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If I'm not mistaken, the economic benefit has been proven to be a negative for new sports arenas