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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Because the Flames will recoup their investment through a revenue sharing mechanism with the City. The City is not claiming all profits from the building!
If all goes well, at the end of the useful life of the new building, both the Flames and the City will have recouped their initial 1/3 investments.