Quote:
Originally Posted by Poster
If it’s such a good deal for taxpayers, why so many “blank spaces”? Why the rush?
Are the Flames paying rent or property taxes? Where is the disclosure? All I see is SPIN and radio hotair.
I want to know the exact number that the Flames are paying for rent.
This seems really stupid to me. Ticket prices up, concession prices up, taxes up.
For what? So taxpayers can help Flames pay Milan Lucic 5.25m?
I was fine with letting Edmonton taxpayers fund the few times a year I want to see a music act.
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They are not paying rent but are responsible for all building maintenance and upgrade costs (the city is on the hook for any needed major structural repairs).
Once the CRL expires in 2047, CSEC will pay the provincial portion of the property taxes on the building (the building will be owned by the city and there won't be any municipal property taxes). If the building opens in 2023 and they have a 35 year lease, they will be paying property taxes for the final 11 of the 35 years.
There will be no tax increases to pay for this deal.