Quote:
Originally Posted by Corral
When its time to show your cards, the Flames will lose.
Nenshi and other councillors who side with him score points with at least 90% of Calgary citizens by taking a hard line against spending their money on hockey players and their owners. I'm assuming 100,000 people really care enough about the Flames in this city to worry about a threat that the team is sold and moved. And that is generous. And corporate Calgary has probably figured out that if the City pays for a substantial portion of the rink ... it is going to repaid to the City in the form of higher business tax or special commercial property tax levies. So I think the overwhelming majority of residents and taxpayers in this City support the position no municipal funding towards this.
Why can't the Flames find a corporate sponsor to fund the majority of this anyways in exchange for naming rights? Hmmm ... like the CNRL Centre.
|
Well Scotiabank just stupidly gave MLSE $800 million to put their name on an arena. They could have just built their own arena and have had $350 million left over.
So essentially, Scotiabank please build us an arena for $450 million and we'll let you call it Scotiabank Centre for free for the life cycle of the property (say 40 years). Plus we'll give you the opportunity to earn profit from events in the arena over the 40 years. I'm no accountant but in the end it might work out to 40 years of naming rights for roughly $0/year.