Quote:
Originally Posted by Lanny_McDonald
Corporate welfare happens all the time. The amount of tax breaks and benefits given to attract and retain business is something people just aren't aware of, and those numbers can be staggering. You don't get head offices to relocate to your city without throwing them an extremely lucrative bone. My god, if the usual pearl clutchers had been around to see what the CoC did to bring CP Rail to town back in '96 it would have been mayhem. You have to make it worth the interest's while to come here and then keep them happy. That comes through tax breaks and subsidies to get things done, like build infrastructure and lease over-priced office space in the glass towers of the downtown core.
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Yes these deals happen frequently. Why not look at merits of each situation? This is not a typical head office situation, as NHL teams are the most inefficient employers imaginable. A few extremely high paying employees who spend their money elsewhere.
This is about the intangible benefits of having a pro hockey team. It’s a shame the deal is so one sided compared to most others but Edwards was in a great position given who was across the table. Still, it will be great not having to talk about the team leaving so hoping they just put this to bed and get it done.