Quote:
Originally Posted by Robbob
From my understanding the 200M is a gift to the project but they surely will benefit.
As fro the management details that wasn't really established. I know Francis brought up a revenue sharing since it was city owned and King just rambled on about a formula which didn't really answer anything.
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Simplified, the current deal for the Saddledome is: city owns arena, Flames manage it. Flames get all revenue, Flames eat all costs. IIRC, the 1994 deal had the Flames pay the city a flat fee of $1 million per year for all this, but I believe that was changed at some point, I don't remember how or when.
My bet for the new arena is the Flames will try for the same. Certainly they would love for the city to take on more of the risk while they keep all the revenue, but I don't see the city going for that.
The fieldhouse stadium is going to be the confusing one. CSE will want all revenues associated with Stampeder games, but I have no clue how they and the city would mange the public aspects of it. And I think until that gets sorted out, King really cant answer any questions on how revenue would be shared - that's yet to be negotiated.