Quote:
Originally Posted by shutout
Why would the city get any of the revenue generated?
CSE is a tenant in the building. They would pay a proper annual lease amount for the building. That is the revenue the city gets. The business revenue generated by CSE belongs to CSE.
If you have a business and lease out a shop, are you sharing your business revenue with your landlord? No. You pay a lease amount and that is the landlords revenue.
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Actually, there are plenty of leases that have a revenue component built in for the landlord (food courts in malls, for example).
Not saying that will be the form here, but it is one of many possibilities. As mentioned earlier, I haven't heard much about the current Saddledome lease. I assume both parties are ok with it and a new lease arrangement can be negotiated.