Quote:
Originally Posted by Frequitude
Neither rent (if the city owns the building) nor property taxes (if the Flames own the building) constitute "repayment" of the City's public contribution. They're freaking rent or property tax just like everyone else pays when they occupy space in this city.
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Just discuss it as yearly subsidies whether it's a upfront capital payment or tax/rent discounts. It makes it so much easier for everyone.
City offer is 185 million up front is a 8.5 million subsidy for 30 years @ 3% interest.
Current subsidy is 5-7 million in free rent / taxes plus current value of dome.
More or less the same amount of money per year.
Flames offer wanted 280? Up front plus 5-7 million in property taxes plus development deals
So somewhere around 18-20 million in subsidies per year.