Quote:
Originally Posted by Resolute 14
The city owns the Saddledome, but the Flames are the ones on the hook for maintenance/upkeep/disasters.
You literally cannot claim any idea of who will be responsible for what if this project gets built because there is literally no management contract yet.
Also, FWIW, PeteMoss is also making assumptions on a requirement for the city to pay the Flames a management fee. In the 1994 deal where the Flames assumed operating control of the Dome, they actually paid the city a fee for the right.
There is no question that the Flames would love to dump as much cost and liability as they can - that is obvious, and any business would try the same - but these assumptions are not how things work today.
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I would be amazed if there is no management fee paid to whoever runs the new arena/facility by the owner. Perhaps back in 94 it was common for their not to be a management fee, but I'd suspect even then if the Flames paid the city, they got some extra revenue (i.e. full advertising revenue), but even not these days you aren't going to manage an arena for free. AEG/SMG/Spectra (formerly Global Spectrum) are all big companies doing this these days and they aren't doing it for free.