Quote:
Originally Posted by Daradon
I don't disagree that the model is unfair, and ultimately low benefit for high money for the taxpayers. But there is no other alternative. If it comes down to this and this only, what you really should be asking yourself is if you want the Flames or not.
There is no arena in NA that isn't paid for with a majority of public funds. And this one is actually a lower ratio of public funds than most. So that's something.
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You must be one hell of a negotiator!
"If the City doesn't accept the Flames opening offer it's doomed!"
A deal will get done but it will be a better deal for the City, one that acknowledges the true value of the City's contribution.
Aside from public dollars the City kicks into the buildings themselves, let's remember that the City will be spending more than that.
The City will have to realign Bow Trail in some fashion. You can't have that road cutting off access to the riverbank.
They'll also be contributing highly desireable and valuable land (after remediation) but won't receive a single dollar in property tax revenue from what is gifted for the buildings.
The opportunity cost has got to be several hundred million dollars when considering land value and future tax revenues together.
The Flames owners are going to have to dig a bit deeper into their pockets and I believe (eventually) they will.