Quote:
Originally Posted by KingMoo
How many cities actually have purely Private stadiums? I think it's common knowledge to people living in major league sport team cities that they pay for a little of the stadium. The only people that can complain are the people that lived here before the Saddledome was built. They didn't sign on for that but were on the hook for to pay for it.
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The problem is all cities are idiots who fall victim to the leverage that teams move when another jurisdiction sweetens the pot. All cities should quit funding stadiums and 10% of league revenues can go to easily financing them every 30 years. However since you can steel a team by your city being the biggest idiot (Glendale) we could look at this in terms of how to keep the team.
If one deems the flames a public good than the city should do an economic analysis of what it would take keep the flames here. Let's put a reasonable arena at 500 million dollars. If the flames tried to move there likely would be a relocation fee attached say 200 million. So assuming you could get an absolutely free Arena from wherever you are moving and own all ancillary revenues from it your incom would need to be within 30 million per year if you are looking for a 10% return or 15 million per year if you want a 5% IRR
Are there any markets who are giving out free arenas and would have revenues within 15 million of the flames? NO
Therefore no public money is required to keep the flames in Calgary