Quote:
Originally Posted by Zarley
Are you talking about the arena or stadium?
By contributing $450 million, the Flames are essentially paying for the arena portion of the project. They could easily build a standalone arena at that cost.
The wrinkle is the need for a new stadium. The financials for a privately funded stadium do not work in Canada and a new venue is going to require public funding regardless of whether it's combined with an arena or not. McMahon has served us well but has reached the end of its economic life and a new stadium is needed more than a hockey arena right now. The proposal as it stands offers a way to reduce costs while providing additional public benefit via the fieldhouse. It's really the case of a good concept with poor presentation. I think that you'll see greater public support for the project once this populist outrage dies down and we see more concrete plans for the site
|
450 Million would be a steal for a of a deal for an arena. Unfortunately the actual cost of the arena by itself is probably around 600 million.