Sorry, it is near 40%, but that doesn't make it anymore viable because another team will be here, even if we don't hand out arena dollars, because why would they leave the market open.
http://www.canadianbusiness.com/blog...teams-a-boost/
Again, these things are accounted for in feasibility studies. I don't understand why people are trying to defend handouts to billionaires. It's the same thing we laugh at poor Republican voters for.