[Roughneck]

Originally Posted by New Era

* The City will front the rest and the recover their money through the CRL.
* The building will be City of Calgary owned, meaning the Flames will not have to pay rent.

Or property tax, meaning the most valuable building in the CRL zone won't be contributing to the CRL, which is why the West Village proposal wasn't feasible either.

The biggest contributor to the East Village CRL? The Bow with its $30M/year in property taxes.

BTW, this area is already in a levy zone, so the Flames want another one? Not sure that's gonna happen.

* The Flames argument against the City's proposal was that the Flames would pay $185M, be the revenue source for $185M via the ticket levy, and then still have to pay property taxes, on a building they don't want to own, meaning they are paying the full boat.

And it is a stupid argument.

"We don't want to pay rent OR property taxes, why isn't the city being reasonable?!"

Why shouldn't they bring it up? It is the most applicable comparison. It establishes precedent in the province. Like it or not, Calgary and Edmonton are joined through a long ugly umbilical chord and what happens in one directly affects the other.

Why?

The Edmonton deal is a very relevant deal and should be discussed. The Flames proposal is based on a similar model, but is so much better for the city in comparison, it is hard to fathom that anyone would not look at this and say, yeah, this is a fair deal too.

Yeah, it is fair for a business to not pay rent or property taxes.

What the Flames have done is put up their rent, up front, for construction purposes.

So they're not paying rent at all.

They are making a commitment to the city of $7.85M of rent, and assuming all operations costs, for use of, and revenues from, the new arena.

This is a crappy deal for the city.

The Oilers put up $26.5M up front (including the exhibition hall space) and are paying $3.5M a year for all use and all revenues.

Good for the ####ing Oilers. The Flames can ask Edmonton to build an arena for them, then.

I can understand why people could have a beef with it, because there is no property be generated by the building (it shouldn't, as it is a City owned property being rented).

THEY AREN'T PAYING RENT!

I get that, but the rent on the building is fronted for construction

SO THEY AREN'T PAYING RENT!

meaning the city doesn't have to front those monies themselves, which is a great value to them.

"We are doing them a favor by not paying rent."

One thing that is missing from this presentation that fans should like, is no ticket tax. The money is recovered from a CRL rather than a ticket tax. For all the people that were concerned about being priced out of their seats because of a ticket levy, that is not there.

You can't possibly be this ####ing gullible.

The Flames have placed the onus on the City to generate the revenue through the CRL, meaning if the City does want that money back, they have to make a commitment to getting the entertainment district around the arena built out as quickly as possible.

What are the Flames committing in this, again?

Oh right, half of the minimum expected of a business.

I would like to know what specifically this does not address and where it is a bad deal for the citizens of Calgary, and I mean more than Ken King was involved in it?

Because the CRL zone already exists, and likely can't handle a $225M hit whiel still being able to provide the actual public infrastructure in the Rivers District in addition to everything else it is committed to (and only applies to new construction).