Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Arena negotiation discussion. UPD: Flames release their proposal

GGG · 09-15-2017, 09:28 AM

I appreciate why Nenshi is low balling here but I can see why the flames wouldn't take it.

For 35 years the city will get about 6-8 million per year in property tax which is worth about 200 million. It also includes the Saddledome demolition as the city contribution which is a bit of a stretch. This is an excellent political offer because people don't know that's Ken King hasn't been including the property tax subsidy in any of his numbers. It allows Nenshi to say I offered 1/3,1/3,1/3 just like he wanted. Essentially this offer by the city is very similar to the Seattle deal where they are property tax exempt but don't get any money up front.

I think you might have something if the Stampede pays the Flames for stampede concerts and you cap the property tax paid back at the 135 million direct contribution and add a little more cash to the cities 1/3 and move Saddledome to infrastructure

This is a very shrewd public offer as people don't understand that very few if any Arenas pay full property tax because no owner publicizes it. Glad to see Nenshi at the table here.

09-15-2017, 09:28 AM	#428
GGG Franchise Player Join Date: Aug 2008 Location: California Exp:	I appreciate why Nenshi is low balling here but I can see why the flames wouldn't take it. For 35 years the city will get about 6-8 million per year in property tax which is worth about 200 million. It also includes the Saddledome demolition as the city contribution which is a bit of a stretch. This is an excellent political offer because people don't know that's Ken King hasn't been including the property tax subsidy in any of his numbers. It allows Nenshi to say I offered 1/3,1/3,1/3 just like he wanted. Essentially this offer by the city is very similar to the Seattle deal where they are property tax exempt but don't get any money up front. I think you might have something if the Stampede pays the Flames for stampede concerts and you cap the property tax paid back at the 135 million direct contribution and add a little more cash to the cities 1/3 and move Saddledome to infrastructure This is a very shrewd public offer as people don't understand that very few if any Arenas pay full property tax because no owner publicizes it. Glad to see Nenshi at the table here. Last edited by GGG; 09-15-2017 at 09:31 AM.