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

[1stLand]

The history behind 50/50 draws can be found here:
http://en.wikipedia.org/wiki/Lottery

I see no mention of it financing buildings or infrastructure, so I don't believe this would be an appropriate avenue for the Calgary Flames to pursue to finance their new arena.

But what if the Flames created a different lottery to help finance the arena.

Would it be legal for them to create their own scratch tickets and sell them?

[calgarygeologist]

Originally Posted by 1stLand

The history behind 50/50 draws can be found here:
http://en.wikipedia.org/wiki/Lottery

I see no mention of it financing buildings or infrastructure, so I don't believe this would be an appropriate avenue for the Calgary Flames to pursue to finance their new arena.

But what if the Flames created a different lottery to help finance the arena.

Would it be legal for them to create their own scratch tickets and sell them?

I'm pretty sure that for profit organizations can not run lotteries.

[Robbob]

During the save the flames campaign they worked with WCLC to create a scratch ticket with some proceeds going to the Flames and Oilers.

[getbak]

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.

This was the first post that mentioned funding it through 50/50 tickets... Read it again, and think about the logic. It's obviously a joke.

No one was seriously suggesting that that Flames would fund the arena through the 50/50.

[sureLoss]

Jason Markusoff @markusoff
Nenshi on arena: council hasn't yet seen presentation. Need to make sure ofpublic benefit before talking non-existent funding. #yyccc

Jason Markusoff @markusoff
Nenshi: Flames ownership group deeply committed to Calgary. Sounds like he doesn't fear the threat of team fleeing

[Frequitude]

Originally Posted by 1stLand

The history behind 50/50 draws can be found here:
http://en.wikipedia.org/wiki/Lottery

I see no mention of it financing buildings or infrastructure, so I don't believe this would be an appropriate avenue for the Calgary Flames to pursue to finance their new arena.

But what if the Flames created a different lottery to help finance the arena.

Would it be legal for them to create their own scratch tickets and sell them?

The lottery concept is pretty much a form of government subsidy because it wouldn't create much new lottery demand, just shift it from other lotteries run by the government.

[Street Pharmacist]

Originally Posted by Robbob

During the save the flames campaign they worked with WCLC to create a scratch ticket with some proceeds going to the Flames and Oilers.

And I think they each earned a million over two years or something like that.

A lot more well be needed

[HotHotHeat]

According to the Herald's Jason Markusoff, Nenshi just said city council has still not seen a presentation on new arena.

[taffeyb]

So much for King's comment "in a couple of weeks". Two weeks and counting tomorrow (if I recall)...as much as I enjoy reading this thread, it's also very frustrating...

[FireFly]

Originally Posted by HotHotHeat

According to the Herald's Jason Markusoff, Nenshi just said city council has still not seen a presentation on new arena.

Just because Council hasn't seen it yet does not mean it is not at City Hall on Nenshi's desk.

[troutman]

Originally Posted by FireFly

Just because Council hasn't seen it yet does not mean it is not at City Hall on Nenshi's desk.

[Envitro]

Actually, if you want to read into Nenshi's comments and staple that together with what KK said, then I think we have the following:

- Nenshi has seen the proposal, but the Council has not been presented with it yet
- KK specifically said that he was going to be presenting it to the mayor, not council

[I-Hate-Hulse]

^^^ That sign could be taken as a sign of support of Nenshi and Farrell... not just a FU.

I'm sure they'll enjoy their $500,000 they got for that lot quite nicely.

[Tyler]

At this point, I really think Ken King should just shut his big yap and not say anything until he's got a large piece of cardboard, a pointer stick, an easel and a black tarp

[I-Hate-Hulse]

To be fair to KK and the Flames - the drop in oil prices has probably slowed down the closing of any deal. I can tell you that any major multi billion dollar deal that involves a massive commerical real estate component is going to be jumping through extra hoops via skittish investors and lenders trying to backout right now.

[bizaro86]

Originally Posted by I-Hate-Hulse

To be fair to KK and the Flames - the drop in oil prices has probably slowed down the closing of any deal. I can tell you that any major multi billion dollar deal that involves a massive commerical real estate component is going to be jumping through extra hoops via skittish investors and lenders trying to backout right now.

On the other hand, KK has been talking about how it was "any day now" for years, and oil prices have been declining for about 6-8 months.

[Bingo]

not sure I liked the rhetoric around the team moving if that was a Nenshi quote.

don't like it if the owners are threatening it
don't like it if the city is using the fact they won't leave as leverage

[RM14]

Originally Posted by Bingo

not sure I liked the rhetoric around the team moving if that was a Nenshi quote.

don't like it if the owners are threatening it
don't like it if the city is using the fact they won't leave as leverage

Sounds like the opposite attitude is being given by Flames ownership.

Jason Markusoff @markusoff
Nenshi: Flames ownership group deeply committed to Calgary. Sounds like he doesn't fear the threat of team fleeing

[Tyler]

Originally Posted by I-Hate-Hulse

To be fair to KK and the Flames - the drop in oil prices has probably slowed down the closing of any deal.

Doubt it.

[Locke]

Originally Posted by Tyler

Doubt it.

Why? While its true that a poorer economy typically lowers construction costs the owners are all Oil men. Their finances would be strained by lower oil prices.