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Originally Posted by Cappy
Fair point, I wasn’t looking at the “facility fee” as a ticket tax in the same way as the Edmonton deal included a straight up surcharge on all tickets specifically for that purpose.
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It's basically a ticket tax, but the main difference is that this one is being used to re-coup roughly half of the city's contribution, rather than acting as a contribution itself. The $125M ticket tax in Edmonton is on top of the city's $280M contribution, while for this deal the ticket tax eats away at the city's $275M contribution.
In the end, CSEC is paying over $100M more than Katz did for the same deal on the arena itself (and not getting anything like the side benefits).