Quote:
Originally Posted by Parallex
Well, if the City get's it's investment on a CSEC owned arena (185M) recouped in property taxes then that would be roughly 6M per year (over 30 years) so reduce that 21M to 15M then reduce by an additional 2M (differential on ticket taxes 185M vs. 125M) per year so... 13M vs. 21M. Unless I'm misunderstanding something.
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Plus I would assume there would be an effect on the Flames side of the equation as they retire the debt on their side.
Also if I remember right Katz gets all of the revenue streams on his building, whereas under the deal in Calgary the Flames wouldn't get those revenue streams.
So I can kind of see why the Flames are saying that the city deal is a no go. And I get why the City says the Oilers style deal is a no go.
At some point these parties are going to have to actually meet in the middle somewhere.