Quote:
Originally Posted by The Boy Wonder
Also funding a stadium is different from a cash transfer to a private entity. The city will own the stadium and lease it to the flames, as the flagship tenant, unless I am entirely mistaken
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Not flagship tenant... the ONLY tenant (The Flames will control all operations and revenue streams... they get 100% of in-arena revenue). The lease terms that the Flames want is one that sees them pay half the capital cost upfront and then nothing thereafter. So the lease they want to sign sees them pay no rent (as in zip, zero, nothing). That's why I say that they want $250,000,000.00 (and not the $500,000,000.00 construction cost). The $250,000,000.00 amount is the amount that the city would, by design,
lose as in not make back.