Quote:
Originally Posted by Jer Bu
I believe the free public money option is a non starter outside of interest and some infrastrucure. The extremes being referred to should really be about the amount of time expected to see ROI on the amounts financed. 10 years, 20 years, 30 years...
Here is an option I THINK I would find reasonable (haven't put a ton o thought into it)
1. Flames by property at market value
2. (public funded flames benefit) Provide an escalating tax structure for property taxes over 10 years - 0 first year full 10th year.
3. (public funded benefit) Finance an amount less than $100M with payback of $10M/year completed in 10 years either paid directly by flames or through a cut of stadium profits.
4. (Public funded benefit) Finance a second amount of $50M to be paid back through a user tax on the facility - $2.50 per person per event over the 20 year reasonable life of the venue
4. (public funded benefit) Subsidize 50% of infrastructure requirements (Walmart has to pay for infrastructure changes required for it's stores, so should the Flames, but there is also city value for proper infrastructure to it's attractions).
5. Flames win cup due to awesome new facility. Calgary becomes better concert spot than Edmonton.
This approaches the "extreme" side of the equation to me, and would mean $100M - $200M of public money in total.
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What you propose is a logical plan to have the city help fund a new arena. It has no place in this thread. You're either in favour of the city blindly handing over hundreds of millions of dollars to billionaires, or you are in favour of Mayor Nenshi going on TV and having him angerly tell the Flames organization to go Fata themselves with a hockey stick. There is no middle ground.