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Originally Posted by Clarkey
Calgary always wants to punch above its weight to prove it is a legitimate big city until it comes to bucking up a few 100 mil for a professional sports and event venue and then it's time to switch to small town mode. Our owners give so much to the community, they built Calgary economically and don't make much off the Flames (Franchise appreciation aside), it's time to buck up and get this done.
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For whatever its worth public financing of stadiums is "small town mode".
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Mosaic Stadium was estimated to cost around $278 million to build.[3][6] Funding will be provided by multiple sources; the government of Saskatchewan will provide a grant of $80 million, and a $100 million loan to be paid off through ticket surcharges. The city will provide $73 million in funding, which will be subsidized through property tax increases. The remainder of the budget will be covered by the Roughriders themselves, primarily through naming rights.[4]
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https://en.wikipedia.org/wiki/Mosaic_Stadium
Here's the breakdown of NFL stadiums. You'll notice the quintessential small town municipality that is New York didn't pay a penny for their new stadium. Other note-able small towns include Boston and Dallas.
