Quote:
Originally Posted by underGRADFlame
Does everyone forget that the owners are putting up $200 million of their own money for a public owned building?
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They want it to be a public owned building because then they can get a better deal in buying management rights to collect the revenue but not have to pay property taxes.
The Habs were paying $8M a year in property tax for a building they financed while the Flames currently get all the benefits of the Dome paying ~$250K a year. I know what deal I'd have. When the building is at the end of its life it's basically worthless, so there's no benefit to owning it when you inevitably sell the management of the building away. You're just holding onto a depreciating asset so some billionaires can get a better deal.
It being a public building is a negative aspect of the deal, not a positive one.