[GullFoss]

I like the concept of FlamesNext...but as a taxpayer, the deal is bad. That said...objectively, its not terrible.

Here's how I think it breaks down:

Flames Proposal: $780m
Infrastructure: $220m
Value of remediated land vs current value: $50m
Total Cost: $1.05b
---
Flames and private interests: $450m
Government: $600m
Total Pay: $1.05b


Objectively, you have to agree there is some type of public benefit to these projects. As a result, there is some room for government subsidies. Based on absolutely nothing, I would think something like the following for government subsidies is fair:

1) $50m on the football stadium
2) $75m on the hockey stadium and event centre
3) $75m on the infrastructure.
4) $200m for the field house
Total: $400m

As a result, my guess is that this deal will get done...eventually. But the flames do have to pony up more. But is that really unexpected? While the flames rolled this out as a "this is our plan", its actually "Here's our first offer"


At the end of the negotiation, I speculate it looks something like this:

Flames: $275m
Ticket Tax: $325m
Total Private: $600m

Province Infrastructure: $75m
Province Field House: $50m
Fed Infrastructure and remediation: $100m
City Infrastructure: $25m
City Field House: $150m
Community Revitilization Levy: $50m
Total Public: $450m

Total: $1.05b

Let the negotiations begin!