Quote:
Originally Posted by Roughneck
$200M is from the Flames themselves, so they want the city to take on $690M, $200M of which has no plans for reimbursment (because it is for the fieldhouse).
They need the rest because they want the city to hold the risk on the money coming from a CRL that won't be funded to cover it, and the money from the ticket tax because not having to hold that loan themselves means they can start making a profit sooner while the city hopes the ticket surcharge generates enough to cover the loan each year.
This also doesn't include costs associated with cleaning up the site (which is what the CRL should be paying for, ala East Village, instead of funding construction).
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Flames ownership's proposed contribution is $450M. Public contribution would be $440M. Not sure why you would assume that the ticket surcharge necessarily involves the City.