Quote:
Originally Posted by New Era
4. 33% cash funding of the building design and construction costs with no mechanism in place for repayment of those monies.
The city will ultimately own the building. The Flames are putting up 66% upfront for a building that won't be theirs. Consider that as long term rent. The Flames will also be on the hook for operational expenses and improvements over the life of the building. It really think this is a fair deal for all.
And had a blue right on top of the roof? How about they also include another library?  |
Can we please stop acting like the city owning the building is for the cities benefit. If you sign a 30 year operating agreement with the flames and give all revenue, maintenance and management of the arena to them. It is their building they just don't have to pay property taxes to the city or the province. Its a 10 million dollar per year benefit to the flames.
City ownership is a city contribution not a flames contribution.