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Originally Posted by Jordan!
I don't agree with this mindset, an NHL franchise is a privilege to have in a city, not a right. The team and arena add a ton of value to a community and I think 50%/50% or as close to it is fair..
Of course, sure more private money the better but it's short sighted to say they should pay for all of it.
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I don't know if I've ever seen a study that shows that publicly funded arenas for big pro sports ever works out for the city, the city will always come out the loser in the deals as it will take a long time or never to recoup that money. And the amount of money the city puts into it means they can't put it towards other needed things like education, housing, etc.
These billionaires can afford the arena themselves, they just know they can money from the city and tax payers.