Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - [News] Calgary, Alberta, & CSEC agree in principle to $1.223bn Event Centre + infrastructure

Frequitude · 04-26-2023, 09:29 AM

Maybe it was covered earlier, but an important note is that CSEC's $356M contribution is a discounted number which actually totals to about $750M gross. So they aren't paying $40M up front then the remaining $316M over 35 years. They're paying $40M up front then the remaining $710M over 35 years.

https://www.calgary.ca/content/dam/w...tre-Update.pdf

I know that still won't please CSEC detractors, myself included, but CSEC does deserve the benefit of seeing it through this lens.

And I'm actually shocked that CSEC isn't boasting the $750M number front and centre. That's what they did last time (advertised the undiscounted contribution) and its usually what team owners try to do in these arena deals.

04-26-2023, 09:29 AM	#931
Frequitude Franchise Player Join Date: Jul 2005 Location: 555 Saddledome Rise SE Exp:	Maybe it was covered earlier, but an important note is that CSEC's $356M contribution is a *discounted* number which actually totals to about $750M gross. So they aren't paying $40M up front then the remaining $316M over 35 years. They're paying $40M up front then the remaining $710M over 35 years. https://www.calgary.ca/content/dam/w...tre-Update.pdf I know that still won't please CSEC detractors, myself included, but CSEC does deserve the benefit of seeing it through this lens. And I'm actually shocked that CSEC isn't boasting the $750M number front and centre. That's what they did last time (advertised the undiscounted contribution) and its usually what team owners try to do in these arena deals.