Quote:
Originally Posted by Jay Random
The $250 million will be collected from ticket buyers. That's not just calling it a ticket tax, it IS a ticket tax. No building = no tickets; no tickets = no tax.
The fact of the matter is, the owners will charge for tickets whatever the market will bear. The market will not pay more simply because part of it is labelled as a tax. If you buy a $90 ticket with a $10 tax, you've spent $100. If the tax goes away, the owners charge $100 outright, because they already know people will pay that.
In effect, the owners will forgo part of their future revenue in exchange for financing up front. It's a way of putting a mortgage on the facility without calling it that.
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Who is putting up the money? The city? In Edmonton the city is putting it up. That's what I was asking. The money has to come from someone up front to be RECOUPED by a ticket tax.
I know what a ticket tax is thank you very much.