Quote:
Originally Posted by RM14
And then in years that the team loses money, is the city on the hook? (i.e. Arizona...). I don't think the city would want to share the business risk.
The word "upside", is used by Nenshi. I wonder if the city is only looking for payment should the profit in any year reach a certain level. Or on the other hand, the city only receives an amount of the profits capped to a certain amount.
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Personally I wouldn't mind giving CSEC the lions share and for me personally, I'd just be ok with getting at the very least, a large portion of the money back over a certain period of time. I'm sure they can reach an agreement where the amount can be adjusted depending on revenues gained year over year.