Quote:
Originally Posted by octothorp
If the city owns the building and lands, does that mean that the Flames and Stampeders will pay rent to them? Will the city get the majority of the revenue from concerts and events hosted there?
What it comes down to for me (in regards to public money being spent) is how quickly they can reach a point where this actually becomes a revenue-generator.
|
I would speculate that the deal would be similar to what the Flames and city have now.
CSE would manage the facilities and collect the revenue from all events. In exchange, they would pay the city a (nominal) flat annual fee and be responsible for the maintenance and upkeep of the buildings.