Quote:
Originally Posted by GGG
In fairness to the Flames presuming the deal is still 1 million dollars that represents a 6 million dollar subsidy if you link rent to property tax or more if you believe that if you did and RFP for the maintenance / entertainment portion of the manage agreement.
So over a 35 year period the city will subsidize the Flames roughly 200 million dollars. The city proposal is giving the flames that subsidy up front but eliminating the yearly subsidy (though they are open to negotiation on the amount).
So essentially the city is not offering any new subsidies to the Flames in their Arena offer. But they shouldn't they are already giving 6 million or so a year in value to the team. That should be sufficient.
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Good way of looking at it. And again, there is no federal and provincial money this time. So I think, by offering to pick up all of that slack itself and continue the current subsidy, is more than reasonable on the part of the City. It entirely leaves the ball in the Flames' court: they enjoy the "Saddledome legacy" no matter what. It's just a question of whether they prefer to do it in the Saddledome or in a new building.