[Hot_Flatus]

Originally Posted by New Era

There is no confirmation their offer is out there. And if this is the Flames offer, how is it far, far worse than Edmonton's?

The Rogers Place deal was finalized as a $483.5M project, with the Katz Group paying $132.5M, and $112.8M of that as rent over 30 years. A ticket tax would recover $125M over time. So Katz got an arena built with $19.8M of up front funding, and 30 years to pay $112.8M, meaning the Oilers are leasing the arena for $3.76M a year.

The Winter Garden / Ford Hall component was added at a cost of $56.8M, with the city paying $25M of it in infrastructure costs. The Katz Group paying for $31.7M of the costs, but $25M of it in rent over 35 years, or $715K a year. The Katz Groups up front money on this component was $6.7M.

So in a $613.7M deal, the Katz Group had to put up $26.5M dollars, with the City of Edmonton covering the rest directly, through loan guarantees, or cost recovery mechanisms.

Yeah, the purported Flames deal of 50% was far, far worse.

I still believe the deal to be worked out is the 1/3 which both sides mentioned around the time the deal broke up. Both sides mentioned it, and Nenshi even discussed some of the sticking points. There was too much smoke here for this not to be the deal both sides were working on.

If King and his cronies are actually this delusional into thinking this proposal is "fair", this is the first time I am actually resigning myself to the fact the team will likely leave.

I've talked about how awful this Edmonton deal was and it's surprising that this is being one-upped by CSEC. The city is not going to get them back from the ledge with a 1/3 1/3 1/3 proposal that is still a sweetheart deal like the Edmonton proposal.

Sad to say but don't let the door hit you on your ass on the way out guys. It's almost at the point of spite that I don't want a cent going to these rich jerks now. It is clear now that all the years of this team sprouting off about how much they love the community was a complete lie. Fans should actually start boycotting games and leaving the building half empty to send these guys a message.