Quote:
Originally Posted by Bunk
Citizen Ownership:
Flames sell the City 1/4 share in the franchise. The City in turn sells shares to citizens. For sake of argument, 1/4 share $150m (and a corresponding $150m share of the capital cost of the building).
Sell 150,000 shares at $2000 a piece to people that want to participate - they own a 1/4 of the franchise and have paid for a 1/4 of the building outright. It's an equity share, so they're share price increases with the value of the franchise - it would likely get an instant boost upon completion of the building. (I'd probably by 3-4 shares myself - we could have a Calgarypuck owners group).
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I'd probably do this, as long as a) I saw the business plan for the arena and how a typical building usage schedule would look with Flames / concerts / events, etc. and b) if there was a possibility for my shares to be tied to more of the development of the district as a whole... residential and commercial included.
I also don't mind my tax dollars (within reason) going to a new arena / stadium / fieldhouse (if that was still on the table), because likely I'd use those facilities more than other city facilities anyways. The spurred surrounding development would be a good investment in the city, as well (who knows what cool places would pop up around it). I might be alone on that though, but I'm cool with that.