Quote:
Originally Posted by GioforPM
I don't think ownership was clear. but I agree they shouldn't be exempt.
The point is that the City's proposed contribution might not really a be a contribution, just a loan at the end of the day. The property tax thing I don't understand, unless they mean a surcharge to the ordinary property tax.
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The saddledome only pays a nominal amount in property taxes because of a special deal on the 1995 renovation. The Flames pay rent as a tenant to the City.
The 1/3 discussed - it has intimated it could be recouped either through rent (I would assume this if the City owns it) or through a different structure than is current for property taxes (I would assume this option if the Flames own the building).