Quote:
Originally Posted by GullFoss
Also, its is misconception that the city is putting up the initial funding for a ticket tax. The way a ticket tax works is that the flames take out a loan for 1/3 of the arena cost ($200m). And the ticket tax funds the interest on that loan and the principal repayment over a 30 year period.
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That's not how it was pitched for CalgaryNext. The way it was pitched for CalgaryNext was that the Flames preferred to have the Ticket tax fronted by the City.
Frankly... I'm surprised that the NHLPA hasn't publicly complained about ticket taxes. That's money that would otherwise be HRR being taken out of their pockets.