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Originally Posted by New Era
The swap worked for only two parties; the city and the Stampede board.
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Those are the only two parties with any land in the deal, so of course those are the parties it works for.
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There is zero tangible benefit for the Flames in the swap.
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The tangible benefit is they get land an arena can be built on. Land they don't otherwise have.
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That's the point. The WV was at least an opportunity for the development of commercial facilities. That was the money maker for the ownership group.
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Then they should buy the land and develop it.
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This is the model used by other ownership groups around the league in developing their entertainment and commercial districts.
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No, it's not.
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Without that, the Flames ownership really got nothing, but a new barn to play in. The city still owns pretty well everything, which does not provide value for the franchise, nor development opportunities for the ownership group fronting their junk of cash.
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Those poor billionaires don't get even more free land from the city to develop profit making ventures on, all they get is a half-billion dollar arena to make millions upon millions on, and didn't have to buy any land to do it.