It's great that the City is looking for another funding partner. Now that partner will be looking to make money from this, and I doubt the city will be giving up tax revenues. So that money will come from operating the arena, which is what CSEC wants.
As someone else said, they want the Katz deal. NHL teams that operate an arena are worth far more than those who don't.
So this is a tactic by the City. It makes sense, it's leverage for them.
CSEC can pay market rent for a new arena or accept the deal that was on the table. Option A is better for the city, but you need a willing tenant.
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