Quote:
Originally Posted by New Era
And did I say that wasn't consistent, or wasn't fair? I just stated I'm sick of all the hyperbole surrounding the building, like the City of Calgary is doing anyone a favor with the arrangement in place. They were gifted 2/3rds of the cost to build the arena, then 100% of the cost to renovate the building. The City has done quite well for their investment. Based on the study completed for the renovation, and adjusting for inflation over the years, the Flames have contributed over $4.156B in spinoff benefits to the Calgary economy over the past 36 years. Not bad for a $31.5M investment. I think we should all agree that a deal between the two parties that extends these spinoff benefits for another 35-40 years is well worth the $150-200M investment. The only question is how to strike a fair deal.
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Setting aside the accuracy and independence of those numbers.
You have covered the four corners of what happens after the city election. Everyone knows that a egg is broken for an omelet. That the restaurant (the city) will have to sell the meal to the ratepayer. To avoid indigestion everyone will have to limit something.