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Originally Posted by Roughneck
Toronto: Private money
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6M Metro Population
4.5M Metro Population
Developer (Terrace) and Mortgage holder (Covanta energy) went bankrupt
3M Metro Population
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Winnipeg: 70% Private, 30% Public
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That 30% was money given to build the arena, as in it's gone and the various levels of government that contributed it will never see it again. That's different than the city of Calgary's offer which was a loan. The MTS centre also was purchased by True North below what it cost to build and they are the recipient of rebates worth tens of millions each year.
So the only real comparables are Ottawa and Winnipeg, the developer in Ottawa went belly up and Winnipeg has a deal that is a heck of a lot sweeter than what the CoC offered up.