Quote:
Originally Posted by Zarley
Wow, not sure I've seen a secret deal that's been publicly announced before.
|
Do you know the option terms? I have not seen them yet. I have never, ever, and I practice real estate development law for a decade, heard of a deal with options that did not have a price point. How would you even know if you want to exercise your option if you do not know how much it would cost you? Do the Flames have a triple net lease where they have to pay maintenance and municipal taxes? Has that information been released, because the municipal taxes on a property like that over 35 years would probably be worth over 100 million bucks.
My guess, and it is only a guess because stuff like that is not known right now or is what some would call secret, is that the option price is real low, basement level type price and that the property will not be on a triple net lease. That should add another 150 million+ from the city to the Flames.