Quote:
Originally Posted by Hockeyguy15
But if the revenue projections are so high, and the property tax is a drop in the bucket wouldn't the city be able to rent it for more than they could collect on property tax?
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Yes they could, and in an ideal world that would be the simple ideal solution... City builds and owns the facility and charges an appropriate amount of rent to recoup it's investment over the life of the facility. No property tax, no User Fees, no other accounting shannagons.
The Flames don't want that though. They want the city to take a loss so that city loss can end up in their pockets, they don't want to pay taxes, and they want as much revenue coming in the side door as they can (so they can pay the players less by converting what would be HRR dollars to non-HRR dollars.