Quote:
Originally Posted by Enoch Root
You keep saying the owners aren't spending their own money. But they are contributing some, estimated to be $356M (present value).
|
Calgary Sports and Entertainment is spending $40 million up front, hell of deal.
Quote:
|
The city, BTW, is contributing $537M up front. But then they will be receiving income from it, for the next 35 years, starting at $17M and rising at 1% per year.
|
That's not income, that's loan repayment.
This is the actual revenue the city will receive for their half a billion dollars up front cost.
Quote:
|
2% cut of arena revenues and $2.5 million over 10 years from naming rights
|
Amazing.
