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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Maybe someone has answered this as I'm just catching up, but that is absolutely not a safe assumption. CSEC - the E is for Entertainment for a reason - will almost certainly have an 'arena management deal', where they handle all bookings, and therefore very likely take all/most of the revenue.
The thing that doesn't seem to have been mentioned yet is any version of a ticket tax, which could conceivably be a revenue source for the city - though in the last deal I believe it was framed as a CSEC contribution
