Quote:
Originally Posted by Par
If you carefully examine that deal, it is a bad deal for the Flames.
The City own the Saadledome, so including demolition cost is just bogus(the Saddledome is the responsibility of city.) So they should be responsible for the demolition costs anyways.
The $30 Million for the land is a alright deal but that land would need to be developed anyways in the future.
The city gets it's money back in property taxes.
This is a bad deal for the Flames, it is no wonder that the Flames walked away. The Flames should just wait 2-3 years for the new arena, by that time the oil prices will go up and the economy will be better and the city may make a bid at the Olympics.
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It does not matter who owns the Saddle Dome its demolition is required for the new Arena, so therefore its part of the cost of the Arena.
Even if the land needs to be redeveloped it carries a $30million value, that does not change.
The city collects property taxes anyways, thats how the city is funded, generally.