Quote:
Originally Posted by Regorium
Wait, I think you're fundamentally misunderstanding that funding chart.
They need that money up front. It's not like a 20 year operational budget.
Absolutely. And the privately funded owners would shoulder the risk that the project is a complete disaster, and that maybe they lose money every year cuz they can't sell enough tickets to people wanting to use the fieldhouse.
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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Huge risk?
Please...
Zero risk on ticket tax, and yes - still don't know who actually puts that up, so..