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

sureLoss · 09-15-2017, 09:37 AM

Nenshi says the city is open to who owns the arena.

If the Flames own it, there will be property tax.
If the city owns it, the Flames will pay rent.

Nenshi says that who fronts the money for the ticket tax is up for negotiation. In the city's proposal CSEC will front the money

Nenshi also says the property tax is also up for negotation. The municipal act allows for exemptions for professional sports teams. He estimates $5 million/year to be appropriate.

Nenshi thought deal was close before CESC stopped negotiations.

09-15-2017, 09:37 AM	#437
sureLoss Some kinda newsbreaker! Join Date: May 2004 Location: Learning Phaneufs skating style Exp:	Nenshi says the city is open to who owns the arena. If the Flames own it, there will be property tax. If the city owns it, the Flames will pay rent. Nenshi says that who fronts the money for the ticket tax is up for negotiation. In the city's proposal CSEC will front the money Nenshi also says the property tax is also up for negotation. The municipal act allows for exemptions for professional sports teams. He estimates $5 million/year to be appropriate. Nenshi thought deal was close before CESC stopped negotiations. Last edited by sureLoss; 09-15-2017 at 09:50 AM.