[News Roundup] CSEC/City arena deal UPDATED: Third Party Facilitator

[sarge]

https://calgaryherald.com/news/local...omes-to-an-end

[Strange Brew]

Originally Posted by Reggie Dunlop

I dunno.... I remember Normie Kwong whining in the media prior to the big Saddledome upgrade. The team later got Federal Infrastructure money, if I'm not mistaken.

I wouldn't call Normie Kwong a whiner.

[Strange Brew]

Originally Posted by Gemnoble

I was unaware of any deadlines.

Sadly this did not age well.

[PaperBagger'14]

Originally Posted by tkflames

This means I get a property tax refund this year right?

No, but every community is getting a blue ring!

[tkflames]

Originally Posted by PaperBagger'14

No, but every community is getting a blue ring!

Maybe the one over the walking bridge on stoney to the east of Tuscany can be designed so that you can perfectly outline a mountain peak in it when you come down the left lane on Stoney trail.

But really...I would settle for more metal sticks with slabs of rock...

[KootenayFlamesFan]

https://twitter.com/user/status/1478105815340834819

[Wormius]

Why would the NHL even care? It’s revenue doesn’t change because of the arena, does it?

[FlamesAddiction]

So realistically, the remaining 11 years on the Dome lease will bring the arena right up to its end of life for that type of structure. There will need to be a new arena deal in place within the next couple of election cycles if Calgary wants a facility to host the NHL, as well as other events.

I doubt it starts getting any cheaper either.

[Strange Brew]

Originally Posted by Wormius

Why would the NHL even care? It’s revenue doesn’t change because of the arena, does it?

The NHL is an extension of the owners.

[Joborule]

Originally Posted by Wormius

Why would the NHL even care? It’s revenue doesn’t change because of the arena, does it?

The NHL absolutely does care - a lot. Aside from the Flames theoretically gaining more money from the revenue the new arena can bring compared to their current one (thus increasing league revenue as a whole which does effect the cap), the value of the franchise will increase substantially. Having NHL teams franchise values increase, would increase the leakage average in general. When it comes to selling teams to prospective owners, expansion/relocation fees, I imagine that figure is fairly important.

I would think that league wide franchise value average, and TV deals are the biggest indicators on how successful a league is doing.

[Roughneck]

Originally Posted by Nsd1

https://twitter.com/user/status/1478076994105524227

I prefer my numbers in municipal spending units:


0.65 Years worth of snow clearing

1 Peace Bridge

5 Cycle Track Networks

53 Blue Rings.

[GreenLantern2814]

I really don’t see how some sort of compromise cannot be reached on this deal. For what amounts to a year of Blake Coleman, we’re really not getting a new building?

Seems… dubious.

[marsplasticeraser]

Originally Posted by FlamesAddiction

So realistically, the remaining 11 years on the Dome lease will bring the arena right up to its end of life for that type of structure. There will need to be a new arena deal in place within the next couple of election cycles if Calgary wants a facility to host the NHL, as well as other events.

I doubt it starts getting any cheaper either.

Exactly. CSEC is telling us very clearly that a deal will be done when a Flames-friendly mayor (like Bill Smith) gives them a better deal. Honestly there is no need for a new arena now, so they can wait for a better deal.

This is exactly why us as taxpayers are at a disadvantage versus corporations. They can wait for a friendly face to be elected and then the corporations can extract maximum concessions from taxpayers.

[powderjunkie]

It is interesting though how council has changed since this deal.


The arena deal was likely the biggest thing moderately+ engaged voters associated with Davison, who was soundly demolished in the election with less than half the votes of Farkas (anti-arena, though not necessarily a major part of his brand).

While Gondek was a vocal supporter, I doubt people associated it much with her brand.

Sutherland, Jones, and DCU were very vocal supporters; all gone.

Of course, Chahal, Wolley, and Farrell were the other No votes on the original deal and are all gone, too.

Gondek, Demong, Carra, and Chu are the only councillors carried over. It's now a 10 male - 5 female split (12-3 before). I don't know much about most of the councillors, but is someone going to be keen to champion the negoations like Davison did?

[Bingo]

Originally Posted by GreenLantern2814

I really don’t see how some sort of compromise cannot be reached on this deal. For what amounts to a year of Blake Coleman, we’re really not getting a new building?

Seems… dubious.

I just don't see it as such.

The final decision was made in and around the costs that the mayor eluded to, but both sides have been nervous with the rising costs for the past 18 months.

I may make a decision to cut my losses on a 5% move on a stock price, but if I've lost 30% in the last three weeks it's not the 5% that is the killer ... it's the additional 5%.

[Zulu29]

Well it’s not like the price is gonna get cheaper as time goes on.

[Bingo]

Originally Posted by Zulu29

Well it’s not like the price is gonna get cheaper as time goes on.

How do you know that?

[FlamesAddiction]

Originally Posted by Zulu29

Well it’s not like the price is gonna get cheaper as time goes on.

No, in about 10 years, the current deal will look like a bargain to both sides.

[Muta]

Put the Flames in WinSport, guaranteed sellout every game. Jack ticket prices up 500% so that almost no one can go except the super rich. Flames and City save money on new arena development, everyone wins (except for the 15,000 fans that now can't attend).

THINK OUTSIDE THE BOX

[GreenLantern2814]

Originally Posted by Bingo

How do you know that?

Because prices on these mega projects go in one direction.

Take a commuter train to Banff - had they decided to do something like that in 1991, it would’ve cost hundreds of millions . Maybe it breaks a billion - now it’s likely such a multi-multi-billion Dollar effort that it’s not remotely worth doing.

There’s no reality where this project comes out costing less than $600M now that it needs to begin anew, just so they can arrive at the same place they already were.