Quote:
Originally Posted by Regorium
The Flames proposal involves not paying any taxes.
How could City of Calgary ever be pleased with "how much more tax revenue they are getting from the arena"?
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The key in simmer2's post is surrounding area.
The Edmonton arena deal caps property tax paid to the city for the arena itself:
Quote:
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Through a Council-approved tax agreement, EAC and affiliates will pay the City a maximum of $250,000 in municipal property taxes annually, for EAC arena operations that are open during event hours, and will be responsible for paying all required provincial Education Property Taxes. This tax agreement excludes areas held by third parties, public parking, gambling and restaurants, bars, and other retail and commercial operations operated outside of event hours or open to the general public.
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