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Originally Posted by IamNotKenKing
Sorry, but that's not how it works. If the ticket tax is tacked on, it is still money out of their pockets. You can charge whatever the market will bear, and where you spend the money is your business. In this case, they are proposing to spend $450 million on the arena.
The argument can be made the initial $200 million isn't theirs because it comes from ticket prices, beer prices, merchandise, parking, etc. That makes it theirs, to spend as they see fit. In this case, they want to spend it on a new arena. Yes, the new arena will likely bring in new and higher revenues for them, but it is still their money that they are spending. They cannot just tack on an infinite amount to the ticket price, as the market will dictate what that amount is. They can, and do, set ticket prices already based upon what the market will pay, and will continue to do this with the new arena.
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The only way it's money out of their pockets is if no one shows up to the new arena because prices are too high. Edmonton is currently batting 1.000 at sellouts since opening, even with the 20% across the board increases (nevermind the increases to concessions which were ludicrous) and one of the worst teams in the league (heading into the building). Whether you like it or not, people here are going to eat the increase and sell out the new building with only the poorest fans complaining. I mean you have people essentially begging for their taxes to increase so the city funds this. I betcha they could go huge and jack up prices 30% and people will eat it. It's hockey, it's Canada. Just like people will pay well above face value for the NFL down south, we do the same for hockey.
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Originally Posted by Erick Estrada
Well yeah I want it built. Cities across North America are getting new professional sport facilities all the time so at the end of the day your logic and facts amount to little more than opposition bickering. You know, we know at the end of the day the facilities will get built. All this is right now is internet bickering about something we all have no control of.
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Every here knows the arena is happening, north of the Stampede grounds, with $200 million cash and the ticket tax. It'll be sweet when it's done. That you're still of the opinion CalgaryNEXT will happen is delusional given the available evidence. Dare to dream though. Of course I always thought you were someone who hates tax and spend, and yet here you're begging for it. Sports is so weird at frying people's brains away from their core beliefs.