Quote:
Originally Posted by RougeUnderoos
I'm a little stumped by the enthusiasm for "the city owns it" angle.
Like, umm, why wouldn't they? The city owns the land and going by today's announcement they/we'll be paying for something like 80% of this, if not more.
Who else would own it?
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In Edmonton Katz owned all the land. He bought it piece by piece a long time ago.
The funding model was the same, except some of Katz' contribution went into downtown development, not the arena itself. Otherwise the Levy and ticket tax were also included. I believe Katz funded 200 million himself, while the ticket tax, levy, and city contributed the remaining 400 million.
Calgarians are actually getting the better deal from what I can tell.