Quote:
Originally Posted by Resolute 14
The Flames have no property taxes because they don't own the building or the land. However, they have been responsible for building maintenance, upkeep, renovation and repair of the building for years. I don't think back to the 1994 agreement itself, but I wanna say late 90s. So they very much do have 'building costs'.
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I don't dispute any of that at all and i think you're correct about 1994.
When posters start the poor flames rhetoric its pretty hard to ignore that the majority of large coporations in the world would never have such a cushy cost saving deal on prime real estate for 30 plus years. I wonder why they don't want to own the land....who would? What they've put into that building is basically zero when you consider the cost the city has incurred to build it and the tax dollars that are lost by not having that land occupied by a tax paying owner.
Fans love to talk about how this is a business investment etc but conveniently ignore the fact that most of the business principles the city would hold against a major tenant do not exist because the city is and always has been giving CSEC a huge break.