There are a lot of things to not like about this deal from a taxpayer's perspective. One of the biggest issues I have is the naming rights on City owned property.
Where does this $250k a year for 10 years come from? Why not a % of any name deal? For all purposes, the Flames ownership group will be able to fund this arena based on naming rights alone from a pure dollar perspective and than some. $275 million over a 35 year deal is less than $8 million a year, I suspect the Flames can get $10-12 million in naming rights by the time this thing opens. Toronto got $40 million a year for their building and I suspect Calgary can get 25% of that or close to it.
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