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Originally Posted by ricardodw
Richard Peddie supposedly either running for mayor of Toronto or looking for a progressive candidate to back and former Leaf CEO:
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Former Leafs CEO Chimes In On Flames Arena Situation
SEPTEMBER 16, 2017 AT 9:23 AM CDT | BY MIKE FURLANO LEAVE A COMMENT
Former MLSE president and CEO Richard Peddie chimed in on the ongoing Calgary Flames arena saga yesterday. Peddie—who once ran the Toronto Maple Leafs, Toronto Raptors, Toronto FC, and the AHL Toronto Marlies—tweeted that Toronto’s arena was 100% privately financed. Not only did Peddie state that the arena fully privately-funded, but MLSE paid full property taxes and infrastructure costs. The Flames are looking for a substantial public investment in any new arena, and have implicitly threatened longterm consequences if they cannot reach some sort of agreement.
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And I think Toronto is the only market where a privately funded arena can actually work. The scope of their satellite community and having the Raptors as a second anchor in their building is like no other in Canada.