Quote:
Originally Posted by PeteMoss
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.
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You nailed it in the middle of your paragraph - the Flames get everything from the Dome - revenues and costs - for the fee they pay the city. And it's not a significant fee. It was $1 million per year in 1994. I think they paid the city a flat rate when the lease was renewed, but I can't remember for sure.
Edit: Actually, if memory serves, the team paid $1 million per year for significantly increased income from the Dome (higher percentage of ad revenue, tickets, etc.) When they renegotiated the lease around 2000, I think the Flames paid a flat $20 million or so to take complete control of the facility. So they get 100% of arena revenues from all events, but also pay the ongoing maintenance. The power ring, the jumbotron, renovations for the 2012 WJHC, extra uninsured costs from the Flood, etc. Those were all paid by the team.
That may not be the deal going forward, but I'm sure the city would very much like that to be the case, even if they own the facility.
Quote:
Originally Posted by Flash Walken
Have you been to BC Place?
I was and am still of the belief it was a waste of tax dollars, but the result is beautiful.
It's a very nice stadium.
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Yup. I went there for the Heritage Classic. It is an amazing roof, but the rest of the stadium is still a concrete monstrosity with a new coat of paint. Much like the Saddledome here, you just can't do much with a 1980s concrete design to make it look beautiful.
Honestly, for $600 million, they could have built an entirely new 40k stadium with a retractable roof that would have been beautiful. The hybrid they have now is rather jarring, frankly.