Quote:
Originally Posted by Bingo
https://www.calgarypuck.com/2017/09/...d-a-new-arena/
Tried to write this as balanced as possible.
I'm very interested in a discussion on the model's assumptions as I'm fully willing to alter the look and produce different numbers if we can arrive at better information.
Either way looks like a bad investment to build a new arena in Calgary.
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Great write-up. When you build a model based on league wide assumptions and then after you plug the Calgary numbers it becomes break-even you have to think you are on the right track.
It changes the tone when the owner's proposal doesn't make them a lot of money but only breaks even from the current position. They are not interested in a subsidy to finance profits, but protection against losses while providing better facilities for all. Makes them look less like billionaires trying to make a buck off the back of the taxpayer.
On the same note it seems the city is willing to take a "loss" on the proposal but only to a certain extent. Very interesting to see where it goes from here.