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Thread: Flames ownership no longer pursuing new arena in Calgary

  1. #16
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    Default Re: Flames ownership no longer pursuing new arena in Calgary

    Empty threats. The cookie on top was Bettman in town to give his blowhard opinion.

    Bettman the voice of the fans! *cue next lockout.


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    Default Re: Flames ownership no longer pursuing new arena in Calgary

    Quote Originally Posted by ultrawhiteness View Post
    here comes the 'yeah but...'

    yeah but, those property taxes are coming at the expense of property taxes somewhere else. plus, isn't that development mostly coming from the katz group themselves? didn't they get a sweetheart deal on the land as part of the whole swindle?
    Property taxes from somewhere else where? New corporate entities building in the downtown core is money probably coming from outside of Edmonton. Spuring vertical deployment and higher population density downtown is a better model of increasing property tax revenue and efficiency than allowing the population to contribute to urban sprawl developments which Edmonton is also guilty of.

    Nobody is saying that Katz group didn't get a sweet heart deal but they are at least locked into long term development with a whole 'Ice District' being built around the arena. It will be a construction zone around Rogers for another 1-2 years but looks to be impressive when its done. This is why there will probably be an NHL entry draft maybe for 2019-20 in Edmonton when construction is finished and can be showcased to the world.

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    Default Re: Flames ownership no longer pursuing new arena in Calgary

    Came out yesterday (not to mention city council is releasing all conversations they have had with the Flames group I think later today)

    http://www.tsn.ca/mayor-calgary-stil...arena-1.855570

    First bit
    Calgary mayor Naheed Nenshi says the city remains at the negotiating table for a new NHL arena even though the Flames have declared they've pulled out of talks.

    The NHL team is frustrated with "spectacularly unproductive" negotiations, according to team president Ken King.

    "We remain ready to negotiate in good faith," the mayor countered Wednesday.

    "Council understands the importance of the Flames to this city, council understands the importance of having the Flames downtown.

    "We worked very hard to come up with a deal that makes sense in this economy without impacting people's taxes that nonetheless participates in both the risk and the upside."

    The initial $890-million CalgaryNext project the Flames pitched two years ago included an arena, football stadium and field house built on the west side of downtown.

    The Flames' owners offered $200 million of their money and proposed a $250-million loan be repaid through a ticket surcharge, with the city covering the rest.

    Council disagreed with the CalgaryNext price tag saying the project would cost approximately $1.8 billion when cleanup of creosote-soaked soil was included.


    CalgaryNext moved to the back burner when council showed more enthusiasm for building an arena closer to the 34-year-old Scotiabank Saddledome in a planned arts and entertainment district on the downtown east side.

    Councillors voted Wednesday to allow Nenshi to release financial details on the "Victoria Park" option, which the mayor said he would do soon.

    The Globe and Mail reported Wednesday the city offered to pay a third of the cost, but that money had to be paid back.
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