Quote:
Originally Posted by dustygoon
Given how miniscule the rent CSEC pays per year ($17mm growing 1% per year) is vs the value of the building/land ($17mm rent implies value of only $300mm which is obviously too low), we should be able to safely assume non-hockey event revenue does not go to CSEC.
If this is not the case, get a rope.
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The last deal had CSEC as the operating partner that collected non-hockey revenue. I assume it is remaining that way otherwise the city would have released details to the contrary so that they could point towards concessions by CSEC. It can definitely swing the deal from bad to terrible to okay.