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. If they do then there is not a further subsidy, if they don’t then based on the Arizona numbers that would be another 500 million dollar subsidy for the Flames. Those are the things that are secret right now but will come out over time.
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The city owns the building, and can't charge tax to themselves, so even under a triple net lease the tax would be zero.
Also, by inference if they expected to receive property tax revenue from the building they would have announced that at the press conference to help deter the obvious complaints that the deal was way worse for the gov't than previously.