It's hard to be this right all the time.
On the 1/3 "to be paid back" it'll be interesting to hear what that means. Since the Mayor talked a lot about "extending what is being done in East Village" that sounds a lot like CRL. Which is public financing paid back through property taxes. I wonder if this means having the Flames own the arena and instead of paying rent like is typical - pay typical commercial property tax assessing the arena as a commercial use at market value. That would "pay back" the 1/3 contribution. We'll see.
From the globe and mail article posted 20 minutes ago:
Quote:
"Calgary offered to pay for one-third of the arena, in equal instalments over a number of years, according to a source. The money would have to be paid back. The ownership group, according to this proposal, would cover another third of the total cost and surcharge on tickets would pay for the remaining third, the source said.
The Flames organization rejected the offer, the source said."
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https://beta.theglobeandmail.com/spo...service=mobile
Quote:
Originally Posted by Bunk
Not taken aback, ready to lay down their hammer. This is like Christmas frickin' Day for him (ok, Maybe not Christmas, but you know).
Among the best things that could have happened following his District Plan announcement last week, this is probably beyond his wildest hopes. Mr. Popular, Gary Bettman even weighed in. It enables him to say what he really wants to say, which is the deal they are prepared to offer.
If I were him - or the City representative, this is what I'd do and say:
- I'd have a huge press conference tomorrow morning:
- I'd lay out the deal they were prepared to offer - hmmmm, I bet it's something like 1/3 public contribution through land and CRL, 1/3 ticket tax, 1/3 direct owner's contrtibution. That's the obvious sweet spot for a fair deal.
- I'd talk about how this is a fair proportion between, private, public and users themselves
- I'd talk about how the Edmonton Arena deal can't work here, Edmonton's downtown called for desperate measures and they had office tenants at the time that could make the debt deal work. Here, there is no such tenant: 30% vacancy
-I'd talk about the Seattle privately financed deal, and that this deal is far more generous from the public.
- I'd talk about how this is a predictiable tactic and welcome the Flames back to the table at any time to participate in the grand plans for Victoria Park
And that's not going to go well for the Flames, I predict.
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