Quote:
Originally Posted by nik-
That's the thing though, it's all exaggerated claims, just on a smaller scale with an NHL arena (which will still be close to half a billion).
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You are exaggerating. It's not all exaggerated claims, there are some benefits. The investment should be smaller, something reasonable for the benefits received. $100M every 25 years seems more reasonable IMO.
If they want more....add in a ticket levy to be paid by ticketholders. The Present value of $14M per year (paid monthly) in levy revenue is $202M (using 5%). If this happens then a portion of every ticket goes to govt coffers. Gov't receives $350M over 25 years for its $202M
Then the owners come up with $100 to $150M on their own and the city is not responsible for cost overruns.