Quote:
Originally Posted by GioforPM
It's pretty clear to me that the Flames don't see a clear path to a profitable deal for a new building.
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Actually if the Flames paid $600M on their own for a new arena, just on Flames ticket prices alone they would have recovered the cost in 18 years, and on a 30 year lifespan of an arena be up $484 million. Or about $16M per year over and above what they bring in now.
Never mind concerts, Hitmen, Roughnecks, etc. Then add in parking. Make no mistake about it- with a 100% Flames funded arena they stand to make a boatload of extra money.
That's why I say the Flames are being greedy. They don't want to
just make $484M extra in the next 30 years, they want to almost double that. I'm fine with the Flames being profitable. I am not fine with that extra profit coming right out of tax dollars.
Short version of my numbers, current arena holding 19,000 seats at an average price of $100. New arena with 18,000 seats. With Edmonton type increases and extra premium seating, bring the average up to $150 per seat. I did also email Ken King to confirm my numbers, and he danced around the question. I emailed him back to ask again how far off my numbers were; and he didn't reply back the second time.