Quote:
Originally Posted by Loyal and True
Every year that passes is another year of lost leverage for the city. Eventually the city will need a new event centre, with or without an NHL team. As the buiding ages and deteriorates, the cost/benefit of reno (vs. new building) becomes less and less palatable to the public (not unlike armchair GMs' retool vs rebuild debate).Then any portion of dollars contributed by private stakeholders (team owners) will be viewed as a private contribution towards a civic need, as opposed to City portion being viewed as handouts to billionaires.
I won't be surprised if the city portion ends up similar to Edmonton's portion. Flames could just wait it out, if they want.
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How much money would they leave on the table by waiting it out? more than the cost of what their extra contribution to the last deal was, I bet.
Look at the money the Oilers have made since their new building opened and the difference there now in the value of the franchise compared to the Flames.
I took a peek at a forbes article. Oilers 7th, valued at 1.27 Billion with an operating income of 87 million
Flames 21st, valued at 855 million with an operating income of 41 million.
pretty big difference, and that's a lot of money they're leaving on the table if their plan is to wait out the city.