Quote:
Originally Posted by Ace
The Stadium really pays for public dollars from income tax alone.
You have to recognise that without a building to play in there is no team, and the team ends up in X-City. Now the semantics are such a good base here, its a bluff, they'll never leave, bla bla bla. Maybe that is true, but once you recognise that there is actually an alternative of not having the team then the numbers make sense.
Typical NHL Payroll 70 million, for simplicity sake generates about 30 million a year in Income Tax Revenue alone which would not be replaced by another industry. If a building lasts 15 years that's $450,000,000 generated in income tax revenue alone, by having the team in Calgary (and Canada).
The Federal government should have a vested interest in getting NHL teams into Canada, it just makes sense. Provincially it's a bit under $4.5 million a year, or 67.5 million over the life of the building in income taxes alone. Becomes less advantageous if the Provincial Government gives more funding than this.
The problem here is the Municipality gets none of that revenue, yet they are the ones on the front lines of battling this.
Really the federal Government should be trying to add like 4 NHL teams to Canada
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How much should the city of Calgary pay to lure Head Offices to Calgary. Should the measure be if the employees pay enough income tax to offset the costs of the building?
Should the government subsidize my job to roughly what my taxes are to keep me employed?