Flames to announce plans to announce arena plans in the... future...

[Finger Cookin]

I think the Flames will fund the arena by buying up all the 50/50 tickets at each Flames game for a few seasons. They'll win every single time! Easy money.

[CroFlames]

Has there been an arena or stadium built in Canada without public money in one form or another?

[Loyal and True]

Originally Posted by Locke

I presume he was being sarcastic because otherwise hes in official 'asshat-territory.'

Pretty sure it's the latter

[nik-]

Originally Posted by CroFlames

Has there been an arena or stadium built in Canada without public money in one form or another?

Toronto, Montreal and Vancouver

[CroFlames]

Originally Posted by nik-

Toronto, Montreal and Vancouver

I assume you are referring to only the arenas? I know BC Place got a boatload of money. So did the big O.

[nik-]

Originally Posted by CroFlames

I assume you are referring to only the arenas? I know BC Place got a boatload of money. So did the big O.

I'm referring to the arenas yes.

[polak]

Wait so they don't even have a design yet? So are they announcing that they.... plan to build an arena?

Jesus if this thing is open by 2020 ill be shocked.

[Muta]

Originally Posted by polak

Wait so they don't even have a design yet? So are they announcing that they.... plan to build an arena?

Jesus if this thing is open by 2020 ill be shocked.

That's not how it works. Typically, a project like this will have a conceptual design associated with the preliminary vision. It is in no way the final design, however.

[Mattman]

Originally Posted by Finger Cookin

I think the Flames will fund the arena by buying up all the 50/50 tickets at each Flames game for a few seasons. They'll win every single time! Easy money.

Not so easy as you think.

50% of the money goes to the winner

50% goes to Flames profit
-15% of that money goes to 50/50 ticket sellers (Volunteers, Hockey/Soccer/Lacrosse teams, organized groups, etc.)
- Any combination of the remaining 35% goes to Flames charities or pure Flames profit.


(I've done five or so 50/50 fundraisers for my team)

[Hemi-Cuda]

My only request is that when/if a real announcement ever happens a new thread is created instead of using this one

[IamNotKenKing]

Originally Posted by Mattman

Not so easy as you think.

50% of the money goes to the winner

50% goes to Flames profit
-15% of that money goes to 50/50 ticket sellers (Volunteers, Hockey/Soccer/Lacrosse teams, organized groups, etc.)
- Any combination of the remaining 35% goes to Flames charities or pure Flames profit.


(I've done five or so 50/50 fundraisers for my team)

Hold it. Absolutely NONE of the money goes to Flames' profit.

[Mattman]

Originally Posted by IamNotKenKing

Hold it. Absolutely NONE of the money goes to Flames' profit.

Sure IamnotKenKing suuuuuuuuure

[IamNotKenKing]

Originally Posted by Mattman

Sure IamnotKenKing suuuuuuuuure

Good one. For real!
But, seriously, it all goes to the Flames Foundation For Life.

[Table 5]

The Foundation for Life? Hmmm, sounds similar to the Human Fund.

[Finger Cookin]

So for every dollar the Flames spend on 50/50 tickets, they get 85 cents back to direct to arena funding. This plan is flawless. Flawless, I says!

[Mattman]

Originally Posted by IamNotKenKing

Good one. For real!
But, seriously, it all goes to the Flames Foundation For Life.

I knew the Flames donated some money to charities but I did still think they made profit. But good for the Flames for donating it.

Oh well, I guess you could say I was 50/50 on that answer

[RM14]

Only eligible charitable or religious groups may obtain a raffle licence (50/50). I assume flames foundation for life accounts for the 50 50 independently from the main club

[HOWITZER]

Originally Posted by Muta

That's not how it works. Typically, a project like this will have a conceptual design associated with the preliminary vision. It is in no way the final design, however.

To expand on this further Polak, a lot of major infrastructure/construction projects will be announced with an artist's rendering of the project. In a lot of cases the actual blueprints/hard and final design is not completed until the building is half-built!

Take for example the new stadium in Regina for the Roughriders. In a design-build project like that they can accelerate the building process by beginning construction on foundation nearly immediately while still drafting the plans for the rest of the building. I believe they just recently completed the final plans despite already having concrete poured for part of the stadium. http://www.reginarevitalization.ca/stadium-project/

Announcing/starting a project without a firm plan might seem insane but it actually is quite good policy so long as it is used properly. It allows for some design change freedom and can help limit cost overruns by being able to change plans as the project progresses.

[InglewoodFan]

Originally Posted by HOWITZER

Announcing/starting a project without a firm plan might seem insane but it actually is quite good policy so long as it is used properly. It allows for some design change freedom and can help limit cost overruns by being able to change plans as the project progresses.

Or, in the case of Hamilton, go quite wrong http://www.cbc.ca/news/canada/hamilt...tion-1.2747230. They again missed the Jan 31 deadline, not sure if it is turned over yet, 9 months late.

[#-3]

Originally Posted by Mattman

I knew the Flames donated some money to charities but I did still think they made profit. But good for the Flames for donating it.

Oh well, I guess you could say I was 50/50 on that answer

I think you would be hard pressed to find a legitimate 50/50 draw anywhere in North America where half the money does not go to a non-profit and the other half goes to a winner. I'm not sure it is even legal for a for-profit to make money off a 50/50 in Canada.