Quote:
Originally Posted by Makarov
How is the City's current proposal 0%? I don't understand how it can be characterized as such?
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Keep in mind that I am looking at this from the Flames POV.
The city expects them to pay 1/3 up front, to repay 1/3 out of ticket revenues, and to repay 1/3 (with "interest") on the "city's" contribution via property tax, a lease or rent.
The Flames goal is to pay <100% of the cost of the arena in the end (based on their current proposal, <60%). The city's is that the Flames pay >100%. Which, absent all other considerations, is pretty much to be expected. Both sides wish to come out ahead on this deal. It is also why we are currently at a stalemate.