Quote:
Originally Posted by Cappy
It does look like a great deal. But it is a building they will (almost certainly) receive zero revenue from. It will be a depreciating asset (in 20 years, is it worth 900 million? especially without a tenant?) and once the flames leave it (be it a new stadium in Calgary or elsewhere) the cost of upkeep and lack of tenant would render it a teardown.
We can talk about re-purposing McMahon and the saddledome but it just doesnt make sense without a tenant. The problem is, the only tenant able to keep it going is the Flames (inc. NHL, CFL, WHL, NLL)
It looks great, and you cannot fault someone for looking at it like that, but that is what the Flames want you to look at!
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Why would it have no tenant in 20 years? The life expectancy of the building will be at least 35 to 40 years, the same as most other stadiums built in the last century. Hopefully longer, but certainly not 20 years.