Quote:
Originally Posted by Macindoc
No, that is not correct, under the city's proposal, the Flames would own the arena and pay property taxes on it. The Flames want the city to own the arena, so as to avoid having to pay the property taxes.
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If the City owns it, fine, pay a reasonable rent to cover operating costs in and associated with the facility. The streets don't clean themselves, the cops aren't self-funded, Calgary Transit isn't free to operate. You get the idea. I think the City said it could accept either scenario. The Flames characterized this as a loan repayment of capital contributions, which was rather spurious.
That said, there's a space for both sides to make some concessions to make a deal work, I think.