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Originally Posted by RM14
You're missing a significant zero on the $28 as it's $228. Movie producers are also millionaires and billionaires and the city is funding a facility for their private enterprise. The main revenues go back to LA or wherever. The Calgary Flames have done a heck of a lot more for this city than movie companies. Although I agree with the studio project.
It seems this money wen't to the movie studio though pretty smoothly without any crying, yet anytime talk of a new arena, people whine that our Billionaire owners can pay for it themselves. Even though they haven't once ask for anything. The main point I take away is that we are lucky to have the Flames and a community minded ownership group.
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Originally Posted by CalgaryHerald
The project wasn’t immune from public criticism, but few seemed to question a financing formula that requires the anchor tenant, William F. White, to put up just $1 million of the $22.8 million and the province, city and Calgary Economic Development to contribute the rest.
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I must have misread that sentence, I thought the total was $22.8 million with then tenant putting up $1 million and $21.8 coming from the province.
I however agree with you on the funding even with the changed numbers. It is funding economic development for a smaller industry in Calgary. Full time all the time employment and projects will hopefully come from this.
I also agree with you that we are lucky to have the Flames, and we should fund some of the new arena. A small amount however.
The owners have been very generous to Calgary. For that I think we are all happy for. None of this point is lost on me.
However, to say:
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Originally Posted by CalgaryHerald
Far from denigrating the Flames and their owners, we should count ourselves lucky that they’re part of our community. We’re talking about individuals such as Alvin Libin, who helped establish the Libin Cardiovascular Institute of Alberta with a mission of providing world-class cardiovascular health care, education and research.
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This has nothing to do with the Flames, or people not wanting to fund a new arena. This is a rich man building a research hospital with his name on it. I am happy he is such a philanthropist, but this has nothing at all to do with the Flames or a new arena.
The writer here is somehow saying that the owners should not be tough questioned over their ask of a huge sum of money. Sorry but that is starting to tread into dangerous territory for me.
Let's please get away from the heart string arguments like this writer and Brian Burke uses. Can someone please develop a business case like they do with any major project in the companies these guys run? Present to tax payers the literal impact the Flames have on Calgary direct and indirect.
Somehow this never gets done. Why? because as giving as these guys are, they want a better deal than the hard numbers will give them. So the emotional arguments get trotted out. So I see no problem with criticizing and grilling them, personal charities or not.