[News] Calgary, Alberta, & CSEC agree in principle to $1.223bn Event Centre + infrastructure

[Roughneck]

Originally Posted by dissentowner

Well, it would hopefully lead to us all not have to listen to you bitch and whine about how you will be paying for a new arena. Ask people in QC if they would be ok with a bump in taxes to have the Nordiques back. The funny thing is if it wasn't this it would be something else that would bump your taxes anyhow but you are too stupid to understand that. This is a great moment for the city of Calgary and Flames fans, I get you want to rain on the parade here but we would really appreciate that if you can't enjoy it you just shut your pie hole. Thanks.

No.

[Bonded]

Originally Posted by CorsiHockeyLeague

Yes. If the billionaires aren't paying their own money, yes. #### them.

Also if they left someone else would, in fact, be here shortly thereafter to fill the void and would then payd their own money. I've no doubt. Or more likely the team would never leave and someone willing to pay for a new arena would simply buy it.

Yup, I would have loved to see the city call CSEC's bluff. Arizona gave them leverage. This is about how I expected it to play out though

[FormerPresJamesTaylor]

dissentowner said "we" like the non-citizen of Calgary who is lauding the deal is the majority opinion.

This isn't the sunshine and lollipop thread, deal with it.

[dissentowner]

Originally Posted by FormerPresJamesTaylor

Oh, SW Ontario. You're not a tax payer, your opinion isn't valid. No, my pie hole won't shut, it'll be louder than ever. Deal with it.

Of course you will. I simply said if you don't want your taxes to pay for the arena you can always move. You are going to beat that victim drum all day long on here though. Poor you. Can't be happy the fate of the team the whole board is built around is now secure because it might personally cost you an extra dime. You're a real gem of a person.

[Bonded]

This might actually be worse than the Edmonton deal

[Aarongavey]

Originally Posted by Bonded

This might actually be worse than the Edmonton deal

It is

[dissentowner]

Originally Posted by FormerPresJamesTaylor

dissentowner said "we" like the non-citizen of Calgary who is lauding the deal is the majority opinion.

This isn't the sunshine and lollipop thread, deal with it.

Again, that self entitled attitude like it is a personal affront on YOU that this deal is getting done. Can't be happy for the fans of the team, or the jobs this will create for others, it's all about you. Like I said, gem of a person.

[FormerPresJamesTaylor]

Originally Posted by dissentowner

Of course you will. I simply said if you don't want your taxes to pay for the arena you can always move. You are going to beat that victim drum all day long on here though. Poor you. Can't be happy the fate of the team the whole board is built around is now secure because it might personally cost you an extra dime. You're a real gem of a person.

Strange man.

[GullFoss]

The more I look at this, the more it seems like a really bad deal. Shades of being sold a monorail

[Aarongavey]

What a terrible deal. Murray has to pay 40 million bucks up front and the taxpayer pays the other 900 million.

[Rutuu]

Originally Posted by butterfly

Some places are awesome. Petco Park for example.

I've been there actually...and agree. However they chose that location because of being near rail. It was part of a revitalization I can concede that. The hotels in the area provide foot traffic as well. Also baseball plays 81+ home dates in a 7 month window and the stadium is bigger.

The best stadium areas integrate into the community instead of standing as a monolith.

[nik-]

Originally Posted by dissentowner

Again, that self entitled attitude like it is a personal affront on YOU that this deal is getting done. Can't be happy for the fans of the team, or the jobs this will create for others, it's all about you. Like I said, gem of a person.

No one cares.

[troutman]

Still on the flood plain.

[Bonded]

Originally Posted by dissentowner

Again, that self entitled attitude like it is a personal affront on YOU that this deal is getting done. Can't be happy for the fans of the team, or the jobs this will create for others, it's all about you. Like I said, gem of a person.

What jobs will this create? I haven't seen point towards taxes going up as a reason to dislike the deal. It is more using public funds to directly increase the value of an asset owned by billionaires at the expense of the taxpayer. It looks even worse after Murray forced his way out of the last deal.

Any one who hates the Central Library should really hate this.

[GullFoss]

Originally Posted by Aarongavey

What a terrible deal. Murray has to pay 40 million bucks up front and the taxpayer pays the other 900 million.

CSEC also:

1) gets to use city's borrowing capacity and borrowing rate for the owner's benefit rather than use the owner's money or borrowing capacity

2) gets all the non-flames venue revenue associated with the arena

3) gets all the upside on the facility's revenue generation over the next 35-years as the city grows

4) gets land options on land around arena

5) gets infrastructure upgrades on all that land options paid for by the city and province

6) gets use of the "community arena" for further revenue opportunities


It's actually embarassing

[Bonded]

Originally Posted by Aarongavey

It is

Always a bad thing when Edmonton does something better

[calgarygeologist]

Originally Posted by Aarongavey

What a terrible deal. Murray has to pay 40 million bucks up front and the taxpayer pays the other 900 million.

Courtesy of the two biggest political idiots in Alberta's history.

[Bonded]

Originally Posted by GullFoss

CSEC also:

2) gets all the non-flames venue revenue associated with the arena

3) gets all the upside on the facility's revenue generation over the next 35-years as the city grows

4) also gets land options on land around arena

Are those points all confirmed or assumed?

[Bonded]

Originally Posted by calgarygeologist

Courtesy of the two biggest political idiots in Alberta's history.

Nenshi is giggling right now lol

[GullFoss]

Originally Posted by Bonded

Are those points all confirmed or assumed?

IMO (2) and (3) is implied. (4) is assumed based on previous deal