Quote:
Originally Posted by Flame On
I'm so dumb on these things.
If the flames are offering 1/3, and through a ticket tax another 1/3 and will get a loan from the city of 1/3, but have to pay it back, how is that not the Flames paying all the amount and the city eventually having paid nothing?
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I think it's been mentioned, but if the cash for the 1/3 ticket tax is coming from the city as well, that means the city is fronting 2/3. Sure, they city gets it back, but it saves the CSEC owners $150Million in interest (using Corsi's math). And these guys have that money, but now they can invest it in something else making $150milllion (probably more) on the money they didn't have to front. That's a net gain of $300million. But, the Flames op costs will be higher than they were planning likely. Anywho, like others have said, this wasn't a hill to die on so there must have been another motivation. Bingo's thoughts could have been bang on. Just a manoeuver to accelerate the deal.