Quote:
Originally Posted by GGG
I think this is a fair break down of the current positions
Flames Offer
Flames 285 cash
City 235 cash. (Note a CRL is not free money as development from elsewhere is reduced)
25 Saddledome demolition
30 million Land
245 million operating subsidy / opportunity cost
Flames 285 City 535 million
private 35% / Public 65%
The city offer
Flames 370 million
City. 185 million
66% private / 33% public
Do nothing assume Saddledome lasts 35 years
City Subsidy to the Flames 6 million per year
210 million 100% public
So basically the Flames are asking the city for an addition 310 million in subsidies over the next 35 years.
One thing the flames are right on is that the current city offer is to effectively continue the current rate that the Flames are subsidized at and are putting up no new money.
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So... The city should start charging them property tax now then in the saddledome