View Single Post
Old 09-12-2017, 10:30 AM   #26
Jay Random
Franchise Player
 
Join Date: Aug 2005
Exp:
Default

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.
__________________
WARNING: The preceding message may not have been processed in a sarcasm-free facility.
Jay Random is offline   Reply With Quote
The Following 15 Users Say Thank You to Jay Random For This Useful Post: