Quote:
Originally Posted by Regorium
Wait, I think you're fundamentally misunderstanding that funding chart.
Right now, the City fronts the 250M (you're not understanding this), and then recoups it through ticket tax (this part you have it right). That 250M is a very large loan and a large liability on our city. It has significant risk - if oil continues to stay low, or maybe Gaudreau/Monahan/Brodie/Hamilton all have career ending injuries, it's very possible that the complex is not break-even.
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I don't think you are understanding this correctly. As King stated in his presentation, the way the $250M commitment is financed has not been decided and it may be privately financed.
Regardless, the cost of the ticket levy will ultimately be borne by the Flames organization and the fans who purchase tickets.
The risk is that demand for hockey and football tickets goes to zero and the teams fold. do you see that happening?