Quote:
Originally Posted by Regorium
I say that it's BS. Considering the Flames aren't even fronting the money, they're expecting the City of Calgary to be the bad guy, take the financing, and increase the ticket tax while the Flames get to shield themselves from risk.
If the Flames fronted the money and charged their ticket tax, then I would agree with your assessment.
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The amount to be collected through ticket tax includes financing costs, so the City of Calgary does not ‘take the financing’. If the Flames front the money, it will still be borrowed, but at a higher interest rate than a governmental body such as the City could get – which only increases the cost.