Quote:
Originally Posted by Southside
On an admittedly simplistic level the City can borrow at better rates than any private entity because they have the power of taxation. Regardless how a municipality might mismanage their finances they always have the power of taxation to back their commitments, therefore lower risk to creditors.
|
Loaning money to an NHL franchise like the Flames is probably also very low risk for a private lender as well.
Flames aren't going anywhere for a long ass time. And with the new economics of the NHL are basically guaranteed to not lose money like the old days.