Quote:
Originally Posted by Fire of the Phoenix
If the team goes bankrupt I imagine the city would be left holding the bag. Not that it would ever happen but that's the only thing I could see.
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There is that. Also by initially borrowing the money there is certainly some chance, albeit slim, that it could affect the City's bond or credit rating down the road and increase their future costs of borrowing. I would say its a reasonable trade off to get something like this done.
I do have a question though. KK throws around the $250M ticket tax as if it is only the Flames collecting these fees. But would the ticket tax not also apply to non Flames events at these facilities? Concerts for example? Because if so, it certainly counts as user pay but such events are not being operated by the Flames ownership group. Or would the tax not apply in these situations?