Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Arena negotiation discussion. UPD: Flames release their proposal

The Hendog · 09-21-2017, 10:26 AM

Flames are putting up more $ at the beginning than I would have thought but at the end of the term, the city ends up fronting most of the $, the city ends up owning the arena when the term is over which is an additional cost in it self and I am not as confident the CRL will work as well for the Victoria Park revitalisation as it did in the East Village.

How exactly does the interest or financing costs work for a CRL? If it takes a long long long time to pay back the $225 million from the CRL - I assume the City is on the hook for the financing costs? I see the loan would be from the province but is it really finance/interest cost free?

09-21-2017, 10:26 AM	#1797
The Hendog Powerplay Quarterback Join Date: Jul 2013 Location: Calgary Exp:	Flames are putting up more $ at the beginning than I would have thought but at the end of the term, the city ends up fronting most of the $, the city ends up owning the arena when the term is over which is an additional cost in it self and I am not as confident the CRL will work as well for the Victoria Park revitalisation as it did in the East Village. How exactly does the interest or financing costs work for a CRL? If it takes a long long long time to pay back the $225 million from the CRL - I assume the City is on the hook for the financing costs? I see the loan would be from the province but is it really finance/interest cost free? Last edited by The Hendog; 09-21-2017 at 10:31 AM.