[calf]

What CSEC seems to be forgetting is that this city's prosperity (and their owner's wealth!) was built on many billions in joint ventures and partnerships. Both sides invest and take on risk. Both sides share in the rewards. If there is a difference in risk tolerances you find a formula that works for both so that the more risk adverse side gets a bit more downside protection, but doesn't share as much in the upside.

So many projects have been completed successfully this way. Few needed free government money for the economics to work. If an arena was so lucrative, you could find other investors to take part. But they can't, and if giving the city and bit of upside makes the deal uneconomical, then the business model doesn't make sense to begin with, for either side. This is all on CSEC for presenting a bad deal where the upside for the city isn't tangible. Getting your money back isn't a benefit.