Quote:
Originally Posted by Travis Munroe
Are the arena/stadium's which have been 100% privately funded profitable? Between leasing out to NHL, NLL & WHL teams + concert event bookings and anything else you could fill it with, I wonder if it can be profitable.
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I did the math in one of the previous threads. Based upon the difference in ticket prices for Oilers and Flames, a $600 million arena would be paid off in about 20 years; based solely upon the just the difference in Flames ticket sales. Roughnecks and Hitmen would likely be a wash, and then you would have the increased concert revenue.
Add in the city paying $175m of that price tag, it definitely becomes profitable with just the NHL as the only major "tenant."