Arena negotiation discussion. UPD: Flames release their proposal

[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".

[Lanny_McDonald]

Remember the good old days when people spoke so highly of Ken King and bragged about the times they would shake his hand at the 'dome? Good times. Good times.

The Flames really need to sack this guy and get a new face on this mess.

[Flash Walken]

Originally Posted by Senator Clay Davis

Yeah I'm thinking King has been sent out there to get the public fully rallied behind the 3 way split deal. I refuse to believe he's this stupid or tone deaf.

Trump will pivot any day now.

[Otto-matic]

Kristen Odland‏Verified account @Kristen_Odland 1m1 minute ago
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Asked if there’s anything about this morning's proposal they (the Flames and the city can meet eye-to-eye on): “I don’t think so.”

[robaur]

Originally Posted by Textcritic

Am I missing something? I am trying really hard but struggling to see from K. King's perspective how the Flames are contributing 100% according to the City's proposal minus the land contribution "accounting trick." what am I missing?

You're not. Ken King is using theories from an entry-level economics class to try and spin the city's proposal. He's doing what Donald Trump does. It's his own distorted reality.

[Textcritic]

Originally Posted by Locke

Edmonton Deal again. Third time hes referenced it.

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

That is what I am hearing.

[Locke]

Originally Posted by robaur

Wow. It's obviously clear that Flames expect the City to donate ~$200M for the arena and not expect anything in return.

So what is the point of the Flames boasting about the Flames Foundation and philanthropic contributions to Calgary, when they are expecting, at the end of the day, to receive a lump-sum payment in the form of a Gift/Charitable contribution for a new Arena to generate revenue for ownership.

FFS. This press conference just made the Flames look so much worse.

Thats exactly what they want.

[Gaskal]

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

[Kipper is King]

Oh yeah, alluding that the Olympics will go to Edmonton is totally going to garner public sympathy. What a scumbag comment.

[GirlySports]

Originally Posted by Mccree

So if the Flames increased the ticket price by the same amount as the tax without calling it a tax then that would be their revenue but since it called a tax it is not. Maybe I am missing something.

Flames consider a ticket tax money that should go to them anyways. So I think that's a non-starter of this deal.

They are far far apart.

[Roughneck]

Originally Posted by GirlySports

No he's saying the Flames could charge $108 and keep it all if they wanted to but in this deal $8 is going to the ticket tax but it's really their money.

It's their money earmarked towards a loan with a revenue stream meant to separate from HRR.

They could just have a $110 ticket with no surcharge and really claim it's all their money, but that isn't how the loan would work. It would be tied to a user fee they're adding onto their ticket price.

It's "their money" that's earmarked for something else, they're charging people extra for.

[calgaryblood]

Ken King needs to go.

[Flash Walken]

Originally Posted by Textcritic

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

That is what I am hearing.

Not even that.

This is a press conference about CalgaryNEXT

[Ozy_Flame]

He said it wasn't fair for Calgarians to wake up after the election and announce it then; it's only fair to announce it before.

If this isn't political in nature, I'll cheer for the Oilers.

[stone hands]

"you just said you dont see any middle ground"

thats not accurate, we have come closer during negotiations....

MY GOD YOU ALOOF RICH ASSCLOWN YOU LITTERALLY JUST SAID YOU CANNOT SEE A MIDDLEGROUND

[Otto-matic]

King: “If we actually did this deal, we’d be worse off than we are now. We’d be better off to stay here.” #Flames

[pepper24]

None of this posturing helps with McMahon Stadium either which is sad.

[GioforPM]

Originally Posted by robaur

- King says the 1/3, 1/3, 1/3 plan is fake news.
- The Flames 1/3 part comes from Flames revenue
- The 1/3 ticket tax comes from Flames revenue
- The 1/3 City contribution that is eventually repaid comes from Flames revenue
- The land contribution is an accounting trick - nothing more. Flames won't own the land
- The infrastructure contribution is misleading because those projects will go on even if no arena

You can make the argument that the ticket tax is Flames' revenue, although it's only lost revenue if they were going to jack the prices anyway and keep the extra profit, or if they don't jack the prices.

The 1/3 City contribution is from Flames revenue if it's repaid. But how how it's repaid is a huge difference. If it's through normal property tax that's one thing (although the City could waive or reduce the taxes). If it's through a surcharge to the tax or simple loan repayment plan, then, yeah for sure it's from Flames' revenue (and then the CBA gets impacted).

[dissentowner]

I think KK would be overjoyed if the team moved. It sounds to me like the city wants the team to stay, the owners want to find a way to make it work, and KK keeps bringing up other better markets to move to.

[nik-]

There's a misnomer that this is a negotiation?!

Guy. Someone needs the long cane with the hook at this point.