Quote:
Originally Posted by Freeway
Plan A:
-City pays 40% and owns building
-CSEC pays 60%, operates building via lease and gets profits for doing so as fee for operating building
Plan B:
-City pays 40% and owns building
-Someone else (Oak View? AEG?) pays 60%, operates building via lease and gets profits for doing so as fee for operating building
-CSEC is a tenant of the "Someone else" group within the building, books dates from them and gets the revenue for those dates within the building
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I mean, first off, this magical someone else sounds about as realistic as a unicorn, so I struggle to believe this someone else actually exists.
Second, the Flames will for sure be the primary tenants. Who else in town can guarantee at least 41 nights booked throughout the year? Plus, they'll be leasing the office space, gym facilities, etc. So they will for sure have a big say on how this thing is built, either way.
And lastly, if Plan B was how the city wanted to go about it all along, I fail to see how the Flames wouldn't already be on board. Get a publicly funded arena completely paid for by another party, assume none of the risks of owning a depreciating arena asset, and still be able to sell luxury boxes and tickets? Seems like a pretty sweet deal to me.