09-21-2017, 06:13 AM
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#8
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It's not easy being green!
Join Date: Oct 2001
Location: In the tubes to Vancouver Island
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https://www.nhl.com/flames/fans/arena
Quote:
The City's proposed funding model, as presented, did not accurately reflect the total Flames funding required. Total funding by the Flames would equate to $613M, or 123% of the cost of the building.
CityFlamesTotal
Original City Proposal($130M)($370M)($500M)
Impact of Incremental Property Tax($243M)($243M)$0
Total Benefit to City(Cost to Flames)$113M($613M)($500M)
The cost for Roger's Place was $484M funded by the City of Edmonton's contribution of $226M derived from Community Revitalization Levy, new parking revenues and other sources. The Oilers contributed upfront cash of $20M; the remaining $238M was financed by the City of Edmonton and will be paid back by the Oilers over a 35 year period in the form of rent of $113M and user fee of $125M.
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__________________
Who is in charge of this product and why haven't they been fired yet?
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