Quote:
Originally Posted by robaur
- King says the 1/3, 1/3, 1/3 plan is fake news.
- The Flames 1/3 part comes from Flames revenue
- The 1/3 ticket tax comes from Flames revenue
- The 1/3 City contribution that is eventually repaid comes from Flames revenue
- The land contribution is an accounting trick - nothing more. Flames won't own the land
- The infrastructure contribution is misleading because those projects will go on even if no arena
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You can make the argument that the ticket tax is Flames' revenue, although it's only lost revenue if they were going to jack the prices anyway and keep the extra profit, or if they don't jack the prices.
The 1/3 City contribution is from Flames revenue if it's repaid. But how how it's repaid is a huge difference. If it's through normal property tax that's one thing (although the City could waive or reduce the taxes). If it's through a surcharge to the tax or simple loan repayment plan, then, yeah for sure it's from Flames' revenue (and then the CBA gets impacted).