Quote:
Originally Posted by GullFoss
This would be disingenuous based on the rumors. Nenshi is proposing a whole lot less than 1/3. He's offering one-third, but then he wants it back. There's a American pejorative expression used to describe a person who gives a "gift" and later wants it back.
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Interestingly enough....CSEC wants the same thing back from their investment.
The way I look at it...everyone fronts $600M at some ratio. All financiers first recover their initial investment. After the initial investment is recovered, the Flames get all remaining revenue, minus tax (which the city gets). If you cannot $600M over the life of the arena...build a $400M arena.
That is a fair deal between partners. The only items to negotiate are the % risk that each side takes on.