Quote:
Originally Posted by morgin
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.
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After thinking about my bad calculations, I just realized that Edmonton is seriously undercharging the Oilers in rent! Maybe the City should just build a new arena, and charge the market rate to the Flames!