Quote:
Originally Posted by lvsteven
As a born and raised Calgarian, watching this from Las Vegas... WTF... SERIOUSLY.
These are BUSINESS DECISIONS. You are a sports franchise worth $410,000,000 USD, and you cannot find land and a contractor to BUILD SOMETHING?
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Based on the experiences of private arena builders in Montreal, Vancouver, and Ottawa, if a new arena cost $450 million to build, it would have a market value of something like $300 million the day it opened. The rest of the construction cost would be basically unrecoverable.
You want a business decision? How about not pissing $150 million down a rat hole?