Quote:
Originally Posted by D as in David
I'm many pages behind in catching up in this thread so I hope I'm not reiterating comments already made.
I'm okay with the bolded part as long as the Flames are the ones taking out the financing.
I also wonder why the Flames don't just scrap the ticket tax altogether and just raise their prices instead? They'd get more credit for outright contributing more to the project than they might get for saying that their tickets aren't really that expensive once you take into account the ticket tax.
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That would basically be a form of self-financing that would require coming up with the cash up front (i.e. pretty much equivalent to the $200M they're putting up). The benefit of the ticket tax structure is there is actually something set aside that can be borrowed against. That enables them to go try to find a third party lender instead of coming up with the cash themselves.