No private information, just published info combined with common sense..
Forbes will tell you how much the flames netted in EBITDA in 2012-2013. Common sense says it increased last year.
The fact that the Flames are a limited partnership, and how limited partnerships work is public as well.
But for me it comes down this - the flames are a profitable business , last year and very likely this year they will not spend to the cap - increasing profits.
Taking on private debt will hurt those profits, for sure. If I were them I would be looking for lots and lots of public money to reduce that debt. And if I were the city / province - I would be making damn sure that any funds or financing given was treated like a real investment, and not a gift or some type of public improvement.
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