Quote:
Originally Posted by Ducay
Rent for 35 years and prepaying 35 years worth of rent has no value because the Flames are getting something for it?
You should tell this factoid to all the Real Estate companies - they're never going to make any money because they're just getting rent! Also they should offer no discounts or incentives for prepayment (hell 35 years has a massive value on the earned returns alone).
|
You can't claim you are both contributing 285 million to the capital cost of the arena and paying rent. They are trying to claim they are doing both. Again it's disingenuous.