Quote:
Originally Posted by Freeway
At $550m, the splits would be $183m each way or something close to that.
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And if Edmonton is a comparable for the Flames, which it sounds like it is, the Flames are probably thinking they can get away with fronting only $40-50M and then concoct some sort of Darryl Katz sweetheart deal to pay the rest over the lifetime of the building. If someone proposed this in a private real-estate sale I'm sure it would be borderline illegal.
If these offers were legitimately a 1/3 split you'd see a deal done by now. Get serious and stop treating the city like your personal financial institution CSEC.