Quote:
Originally Posted by Aarongavey
I guess it depends on whether the city will have a triple net lease and force the Flames to pay property taxes.
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Quote:
Originally Posted by PeteMoss
As for the property tax - doesn't the city own the arena here. Possible they include it in the rent but we will see (or what Aarongavey said above)
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Yeah, Calgary would own the event centre so there would be no property taxes on it but the Flames would pay a modest rent for 35 years (I recall net present value is around $350M). The Coyotes would own their arena but would get up to 30 years of property tax relief. The Flames get a big upfront subsidy, the Coyotes get a yearly subsidy.