Quote:
Originally Posted by Aarongavey
I would guess it would be the massive loss of ticket sales that comes from that. That would be my guess. I am actually impressed that they are rebuilding regardless of the fact that they know it will cost them a lot of money.
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I’m no economist but Edwards bought into the Flames in ‘94 if I’m not mistaken. I’d bet that was in the 10’s of millions. The value of the Glames today is 1.65 billion according to Forbes. It will jump in 2027 century move into the new arena as well.
I’ll admit I don’t know what I don’t know about the day to day operations and ownership but I can’t believe they are as terrified of rebuilding as they appear to be. City’s closing in on 2 million with no other serious threat when it comes to pro sports.