Quote:
Originally Posted by Senator Clay Davis
The ticket tax would be on every ticket at both venues I would imagine. That's gotta be more than 2 million tickets a year combined (and including concerts and other events). At $10 a pop that's around 10-12 years to repay.
As to interest, often in these arrangements the loan given by the government to the team is low interst or totally interest free. If the city is gonna charge standard interest, the Flames can obviously get that from a bank. It's not really about making interest from the city's perspective in these deals, it's about "creatively" financing the building.
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KK mentioned that is was 10% a ticket not $10 a ticket. That really increases the total amounts collected. Especially for a $300 concert ticket...