Arena negotiation discussion. UPD: Flames release their proposal

[calf]

The issue that keeps getting muddied by the Flames is the "Paid for/by" vs. "Paid back".

The paid for/by is:
1/3 Flames
1/3 City
1/3 whomever fronts the money for the ticket tax, which I believe is up for negotiation

The paid back is:
1/3 City - via property taxes (if Flames own the arena) or via rent (if City owns it). Limited upside/downside, but a steady payment back.
1/3 Flames - they keep their revenue less expenses for all events, concessions, advertising, etc including rent or property taxes. That's how their businesses work - the owners are well aware of this. They take on the risk, but also take on any reward (like if we suddenly get all the concerts that would usually bypass us for Edmonton).
1/3 ticket tax - this just gets added onto each ticket and paid to whomever fronted the loan, paid back over time.

I really fail to see how this is unfair.

[Roughneck]

Originally Posted by peterh

Ken King is slimy but he is right, why move from their current Saddledome deal when the new deal is worst.

"The city's deal for a new arena makes less sense than staying in the dome".

But the Dome is falling apart, it is unsuitable, the time is short...

[Manhattanboy]

Ken King does not know how to create once ounce of goodwill. This is just an epic fail.

[JFK]

Ken King is so far out of his depth.

[killer_carlson]

Originally Posted by Gaskal

"We did not raise this as an election issue. It became an election issue."

That's not the entire quote. It was more along the lines of

We did not raise this as an election issue. It became an election issue earlier this week when the Mayor announced our (CSEC) integral support/involvement for a vision of a district when that is not true.

So in essence the Flames position is that they were being lumped into the Mayor's vision for the city when they are not in agreement. Flames first preference is the west end of downtown. So they thought they needed to respond.

[Lanny_McDonald]

Originally Posted by Textcritic

Exactly this. The Flames want the Edmonton deal, better, or nothing.

That is what I am hearing.

And why would they expect anything less? Like it or not the cities of Edmonton and Calgary are tied together so closely that it is sometimes difficult to differentiate the two. If one something, the other wants the same thing. This should have been expected, which is why it is important to understand the Edmonton deal.

[Flash Walken]

King again brings up west village.

Brings up McMahon

Brings up development partner.

"God forbid I am going to say this, but like the Ice District"

This is about CalgaryNEXT

[djsFlames]

Stop sounding like you want to just live up to Edmonton.

Carve out your own ####ing arena vision.

[ResAlien]

Can any of the pro ownership posters spin this as a positive in any way? Disastrous presser

[peterh]

Originally Posted by Roughneck

But the Dome is falling apart, it is unsuitable, the time is short...

Listen to his comments, he wants an entertainment district not an Arena surrounded parking lots which for whatever reason the city wasn't able to do with the Dome.

[Flash Walken]

Originally Posted by ResAlien

Can any of the pro ownership posters spin this as a positive in any way? Disastrous presser

"Both sides"?

[nik-]

haha whoever asked that question about needing money that they won't pay back is a boss

[stone hands]

we are not asking the city to give us money....we just want a loan that we dont have to pay back

[Flash Walken]

What universe are we in when Ryan Pike asks the best question of the press conference?

[dissentowner]

OMG WTF is he babbling about? lol

[bubbsy]

Props to the media, great questions. King really struggling.

[RM14]

hahahahah, this project is inspired by the Roman Coliseum.

[MacDaddy77]

great last question, that's how to set a hook

[killer_carlson]

King deflecting from a very good question of:

Do the flames need the city to give them money which will not be paid back to make this work?

King tried to deflect by talking about the roman collesium and public infrastructure.

[nik-]

roman colosseum now