Quote:
Originally Posted by New Era
What piece if the pie are you referring to?
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What the Flames make when the arena is open.
There are two parts really to a capital investment like this. The up front cost/funding, then the payback or earnings to recover that investment once open.
The Flames have what both sides put in, how the city gets their money back by property taxes paid by the Flames. But thats where it stops and they make it look like they are out $600 million. They will be making money from games and concerts, which offsets what they pay in property taxes (or should). They don't need to include that number, it is private, but should at least acknowledge it is a factor that exists in the project's economics.
I want a new arena, and am ok with public dollars going into it. But I can't get on board when what the Flames are presenting has logical flaws and obviously misleading or incorrect statements attached to them.