Quote:
Originally Posted by Fire
The Oilers got a ton of money from the city but you think it's impossible for the Flames to get money from the city for the new arena?
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Their city council was moronic to give them that money. Katz threatened to move the team and it somehow worked. I can't actually believe it worked because Seattle or Kansas City are not more viable than Edmonton (in particular I think Seattle is not as good as people think).
Ultimately taxpayer funded arenas or stadiums are some of the absolute worst wastes of money. For instance the average taxpayer now will have to pay more for tickets, of which there will be fewer available, because fewer seats means more room for luxury boxes, something the average taxpayer will never utilize. It's one of the most textbook examples of corporate welfare. Taxpayers subsidize the owners making more money while the taxpayers themselves have to pay more for the product. It's pretty amazing they've been able to do it as often as they do.