Quote:
Originally Posted by New Era
Just out of curiosity, does the Calgary Exhibition and Stampede pay property taxes?
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They are non-profits so I believe they are exempt. So if the Flames wishes to become a non profit they are welcome to do so.
Here is the relavent statute
http://www.qp.alberta.ca/1266.cfm?pa...9&display=html
Quote:
Exemption under section 362(1)(n)(ii) of the Act
9(1) The following property is not exempt from taxation under section 362(1)(n)(ii) of the Act:
(a) property to the extent that it is used in the operation of a professional sports franchise;
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Which is why city ownership is so important to the flames