09-12-2017, 11:06 AM
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#30
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Franchise Player
Join Date: Mar 2007
Location: Income Tax Central
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Quote:
Originally Posted by Jay Random
Seattle is three times the size of Calgary (and growing rapidly), and the new arena will likely have two major-league tenants, not one. These facts should suggest to you some reasons why it's easier to justify $600 million in private money for an arena there.
Building an NHL-quality arena with your own money in a city of a million and change is a good way to throw your money away, and significantly more entertaining than flushing it down the toilet. People keep mentioning privately financed arenas in places like New York, Toronto, and now Seattle. Well, boys and girls, we're not in that league, and an arena here won't draw that kind of cashflow. The closest parallel for us is Ottawa, where they built an arena with private money, and it promptly went broke.
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Also this.
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