Quote:
Originally Posted by Blarg
Okay, but what is the difference between a real estate company owning and building an office tower and leasing it to a firm, and a real estate company owning and building a stadium and leasing it to a sports entity that have three teams that would play in it?
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The Flames would have to be paying in the neighborhood of 30 Million a year in base rent over a lengthy term and all operating costs to cause any development company to consider that deal I would imagine. Then there’s the issue of whether they are even have enough financial strength as an entity to interest anyone - might need guarantees from the owners for any default if for instance the league shuts down or drastically changes in the next 30 years. It’s an extremely risky development, which is why no one wants to do it.