Quote:
Originally Posted by Bunk
Is it? Let us know the economics of the project? One has to assume right now an new arena will generate massively higher incremental revenue than the suggested $5m increase in incremental cost through property taxes.
Easy solution to this problem for the Flames if this is true - open up their financial model for revenues. Are we supposed to just take their word for it, that this is a losing proposition?
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Is there not enough comparables with 2 arenas built with private finds causing the owners abandon ship in the recent past? The one thing that no one has provided so far is to lay out how a fully private funds arena would create profit for the ownership. If it's as easy as them paying for it and then reaping the rewards why isn't the business model there to show the return on their investment?
The flames have definitely came out on the poor side of PR here, but so far nobody has called them out that their offer of paying 1/3 for the arena really isn't true. My bank have me a mortgage to buy my house when I put 5% down, but nobody would suggest that they paid 95% for my house