[News] Ken King: Flames' owners no longer pursuing new arena with City of Calgary

[Matty81]

From the globe and mail article posted 20 minutes ago:

"Calgary offered to pay for one-third of the arena, in equal instalments over a number of years, according to a source. The money would have to be paid back. The ownership group, according to this proposal, would cover another third of the total cost and surcharge on tickets would pay for the remaining third, the source said.

The Flames organization rejected the offer, the source said."

https://beta.theglobeandmail.com/spo...service=mobile

[Senator Clay Davis]

Originally Posted by Matty81

From the globe and mail article posted 20 minutes ago:

"Calgary offered to pay for one-third of the arena, in equal instalments over a number of years, according to a source. The money would have to be paid back. The ownership group, according to this proposal, would cover another third of the total cost and surcharge on tickets would pay for the remaining third, the source said.

The Flames organization rejected the offer, the source said."

https://beta.theglobeandmail.com/spo...service=mobile

Remarkably fair offer, of course they rejected it.

[nik-]

Originally Posted by Matty81

From the globe and mail article posted 20 minutes ago:

"Calgary offered to pay for one-third of the arena, in equal instalments over a number of years, according to a source. The money would have to be paid back. The ownership group, according to this proposal, would cover another third of the total cost and surcharge on tickets would pay for the remaining third, the source said.

The Flames organization rejected the offer, the source said."

https://beta.theglobeandmail.com/spo...service=mobile

AKA: City never responded

- IAmNotKenKing

[Matty81]

If the flames had to pay back the third... That means the city was offering nothing except financing no?

Seems like a very hard line

[Bunk]

Originally Posted by Matty81

From the globe and mail article posted 20 minutes ago:

"Calgary offered to pay for one-third of the arena, in equal instalments over a number of years, according to a source. The money would have to be paid back. The ownership group, according to this proposal, would cover another third of the total cost and surcharge on tickets would pay for the remaining third, the source said.

The Flames organization rejected the offer, the source said."

https://beta.theglobeandmail.com/spo...service=mobile

I would guess the 1/3 "to be paid back" would be through a CRL model.

[Roughneck]

Originally Posted by WilliPlett

If Calgary got the same deal as Edmonton, this deal would be over.

If the Flames just decided to pay for it then it would be over, too.

[Coach]

Originally Posted by Lord Carnage

But because he 'wants' it does that have any bearing on a business case?

Because he 'wants' it, the Flames should consider themselves lucky they get anything?

I appreciate the point, and honestly would love if this was a zero dollar public venture, but REALISTICALLY that isn't possible.

And that doesn't mean throw them 10-20 million in infrastructure... it needs to be a shared solution.


Sent from my iPhone using Tapatalk

It won't be completely privately funded. But the point is not just a point it's a fact. The Flames can't build a stadium wherever they want unless they want to pay for it outright. Otherwise they have to fit into the citys plans.

If you are jaded about Nenshi and view an entertainer district for the city as HIS project where he gets only what he wants and his way and it's going to be Nenshis playground or something than I'm not going to be able to convince you otherwise.

The city's view of East village with the arena seems like something the city would truly benefit from. Is it just because Nenshi is presenting that you are fighting against it? Because that's what it seems like.

Again, for better or worse, what the city council wants IS what the city wants. They are elected as representatives. Don't like yours? Vote for someone else next time.

[Senator Clay Davis]

Originally Posted by Matty81

If the flames had to pay back the third... That means the city was offering nothing except financing no?

Seems like a very hard line

I suspect that's for the cost of the arena itself. The land swap and other infrastructure would have to be picked up by the city. Those should be factored in since they are pretty important.

[Robo]

Originally Posted by Matty81

If the flames had to pay back the third... That means the city was offering nothing except financing no?

Seems like a very hard line

It sounds like up front the owners would pay 2/3 and then get paid back over a number of years? I'm not sure

[topfiverecords]

Originally Posted by 442scotty

I think the west village idea with a little design tweaking was an awesome idea.. expensive? Yep but the city has no problem spending money on stupid art , bicycle lanes used by a few dozen people at most and let's not forget the $$ spent on the downtown library to be used by maybe ? A couple hundred people?

The west village is an awesome idea that with some tweaking would bring a lot of people and money downtown as a complete entertainment district. Nenshi should have thought about it but he didn't and it's burning a hole in his butt.

I for one am tired of a lot of politicians in this city but municipal politics being what it is they are all coming back because nobody cares enough to change things and toss some of the dead weight out

Wow

[heep223]

Originally Posted by Senator Clay Davis

Lol yup, but there's no logical arguments being made at all by the people who think the city should do whatever it takes to make this happen. It's all purely emotional, which is why the CSEC using these tactics is so effective.

There is literally nobody who is saying that the city should do whatever it takes to make this happen.

You've gone off the rails man.

[Cube Inmate]

More and more, I'm learning that I'm not an NHL fan, but just a fan in the sense of "community" that forms around the local team. Shared experiences through winning and losing... Yada yada yada.

And you know what? It seems the ownership would rather turn that community against itself... so I say take your team and run. I'll be better off. Maybe I'll stop wasting life in front of the TV (or occasionally in the 200s) and do something useful like study Viking history.

KK isn't the fool. I am...by falling for this scam.

[Coach]

Originally Posted by Robo

It sounds like up front the owners would pay 2/3 and then get paid back over a number of years? I'm not sure

Sounds like the other way around. The city would pay for 1/3 but in instalments, not upfront.

[nik-]

Originally Posted by heep223

There is literally nobody who is saying that the city should do whatever it takes to make this happen.

You've gone off the rails man.

Pretty much anyone saying that Edmonton got a deal done so why can't we is saying this.

Because Edmonton got laughably taken to the cleaners out of desperation.

[Matty81]

A third each paid by the city, the Flames and facility users seems fair. 2/3 paid by the Flames and 1/3 by us is extreme when you consider the climate and what other cities like Edmonton paid.

I think King, Bettman and Edwards are dbags but that is a little extreme by Nenshi.

Surely he didn't expect that to be accepted.

[Flash Walken]

Originally Posted by getbak

So, instead of a "Fire Ken King" chant, it should be a "Sell the team, Murray" chant?

Was there ever really a Fire Ken King chant?

That's a bit distasteful.

[PugnaciousIntern]

Not sure if they're trying to influence the election, influence Nenshi with the threat of the election, or both. But it's pretty disappointing that this rink will get disproportionate attention relative to all the other legitimate concerns the city needs to address.

[Toonage]

Originally Posted by MattyC

Sounds like the other way around. The city would pay for 1/3 but in instalments, not upfront.

And then the owners pay that back. So ultimately they pay 2/3 just some of it is deferred. I think.

[nik-]

Originally Posted by PugnaciousIntern

Not sure if they're trying to influence the election, influence Nenshi with the threat of the election, or both. But it's pretty disappointing that this rink will get disproportionate attention relative to all the other legitimate concerns the city needs to address.

Really?

[Senator Clay Davis]

Originally Posted by heep223

There is literally nobody who is saying that the city should do whatever it takes to make this happen.

You've gone off the rails man.

They don't have to explicitly say it for it to be obvious. There are a bunch of posters who want the Flames to get whatever they want. What more do you think they want than to pay the absolute least amount of money possible?