It does make a difference for sure, the only thing being, we need to know the owners situation to understand if it makes a positive difference or negative as it relates to the new arena project.
If the ownership groups financials and liquidity is in a place that they can with stand what will likely be a temporary down turn, and still afford to invest, then now is the perfect time to start this project or any capital investment because the costs of said project should be lower. So in the long run, this would be a benefit to the Flames ownership group to build now, assuming they can afford it in the short term.
If their financials are in a state as such that they really can't afford to take the short term hit, or simply don't have the means to invest while things are bad, then now is obviously not the time to invest because it's too damaging to their in period economic picture and they are likely in a place that they need to manage their business on a shorter outlook period. If that's the case then this is a bad thing for the arena project.
Generalized statements, but essentially this is likely what the situation boils down to. If they can afford it, they should be all over this and making sure they take advantage of the lower costs to build in the short term. If they can't, it may force them to push off the start of this project. Got to think the former is the more likely for this ownership group, but who knows.
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