Here are my questions, and I apologize if these details are out and I missed them.
1. Who gets arena naming money - this is significant and people are assuming CSEC gets all of it, which is a worst case scenario.
2. Who gets money from additional events. I'm not so sure this is 100% CSEC. CSEC was responsible for ops and maintenance costs last deal, which would make more sense to have them then get all revenue. The current deal makes CSEC look much more like a simple tennant with a 35 year lease term. I don't think it's a slam dunk that they get all revenue.
3. who gets parking revenue. This could be significant with the BMO expansion next door.
4. What mechanisms will exist to ensure any land CSEC gets to develop is purchased at market value? If the value is fair, and the city obviously retains it typical zoning control then maybe this isn't an issue.
5. The previous agreement had a small city fee on tickets. Has this been mentioned either way? It was $3mln a year, so not nothing.
Unlike the last deal the current council voted unanimously in favour of this deal, so perhaps some of these items will fall to the city's benefit.
Last edited by Infinit47; 04-29-2023 at 12:58 PM.
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