Quote:
Originally Posted by nfotiu
I'd say it's pretty well established that it is a bad economic investment of public funds. It basically boils down to teams shouldn't be paying 100 million/year in players salaries if they can't afford to invest say 50 million/year in a building for their business.
The bigger question is how to undo it all....
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I actually am pretty proud of Calgary for this. We offered to pony up money but pushed back when they tried to strong arm us into paying more. Katz did the same thing in Edmonton that the Flames did when they decided they didn't want to build under the terms agreed to. Edmonton threw in more money, we (so far) held firm and said we would look at other options.
Also, based on the Calgary negotiations, it was a $10mm rent payment that the team said they couldn't possibly afford that should be compared to their $80mm in salaries a year.