Quote:
Originally Posted by Jimdon
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
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But you are paying interest and principal to the bank and property taxes to the city, yet the city didn't loan you the money. If they had, and only asked you to pay property taxes that would be a helluva deal.