07-20-2015, 01:59 PM
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#149
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Self Imposed Exile
Join Date: Jul 2008
Location: Calgary
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Quote:
Originally Posted by sureLoss
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ha
Quote:
Prospective owners from Seattle had a month to get an arena deal together and couldn’t do it. In Toronto, the costs of doing business have risen dramatically. In 2013, venture capitalist Graeme Roustan had a deal to build a rink in the suburb of Markham for $325 million. Had the city’s council accepted the deal proposed by Roustan and backed by its own mayor, they’d probably be putting the finishing touches on the rink right about now.
But that cost has risen by about $100 million in an economy where the Canadian dollar is tanking worse than the Buffalo Sabres did last season
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