Quote:
Originally Posted by GioforPM
This is open to interpretation. The Flames don't want to own the building. The City has talked about a 1/3 contribution but repaid. Now I don't think repayment in flow-through property tax means its a loan. If the repayment is in some other fashion, it's a loan.
My understanding is that the Flames would like a 1/3 contribution but without any repayment at all, tax or otherwise.
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The biggest issue with the loan/gift aspect, is that 150 million the city gives to the flames comes with a large interest bill as well.
150 million turns into 200-300+ quickly. even with municipal bond rates.
Not to mention the discussion about loaning the money for the ticket tax.