Quote:
Originally Posted by Maritime Q-Scout
I do indeed.
http://www.doniveson.ca/wp-content/u...na-Funding.pdf
The Bell Centre was built at a cost of $270 million, and sold for $100 million at a loss of $170 million. This loss is even greater of you consider $270 million in 1996 when the arena opened would be worth $299 million in 2001 when it was sold, so adjusted for inflation the loss was nearly $200 million.
Now this doesn't account for revenue during the ten year period it was open, although given the drastic value and desire for Molson to get far far away we can assume they didn't raise the $200 million difference. |
Well that is from Katz who is trying to convince people to give them money.... not the most legit source in the world.
And Molson rebought the thing so they got over it pretty quick.