Quote:
Originally Posted by Wolven
- Part ownership of the new arena - I know the ship has sailed here but the city should have taken a percentage of the revenues in exchange for the land and $$ investment
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The city has full ownership of the new arena.
The city also owns the Saddledome.
Public ownership is part of the racket. It's a deteriorating asset. Teams don't want to own it, they want to be able to routinely push the owner for more investment every time the lease comes up. They are not very good things to own, which is why sports owners try to avoid it whenever possible. The leverage is with the primary tenant, not the arena owner.