I do not think a city ever comes ahead money wise on an arena deal and I am not a huge fan of public money going to a private enterprise but if the city wanted the Flames to stay unfortunately they needed to pony up some money because of the precedent set in North America. Would have preferred no cash contribution from the city or the city getting a bigger chunk of revenue.
I am not big believer in the intangible spin off benefits becoming actual cash revenues. It just comes down to if you think the city will be further ahead with the Flames and an arena that can handle major concerts, or if the city is further ahead to veto the deal and hope the Flames bend, and the city does not lose much as a city without a sports team or modern arena.
City council had to decide if they wanted to risk losing the franchise by sticking to their guns.
Less of a screw job than Calgary Next though, so that is good!
Last edited by Bonded; 07-24-2019 at 10:28 AM.
|