Edmonton rejects Oiler [Arena] bid for more taxpayer dollars
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09-19-2012, 01:19 AM
Join Date: Dec 2006
Originally Posted by
We are going to have a building that will need a NHL tenant. Just saying if someone is selling!
let's assume the term of arena payments (financing) is 30 years.
in that case, a 450M project as Katz claims it is will cost him $15M a year.
the new arena increases the oilers revenues from ~100M to X
edmonton's costs increase from ~80M to ~95M.
X is greater than 95M. We know that. Edmonton will still make money, depending on how much a new arena helps them, either more or less.
does moving the team to quebec or seattle, with a publicly funded arena, decrease X by more than 15M a season? That is the question for Katz, isnt it? (actually, considering Katz is a local boy that loves the oilers and would never do anything to hurt them, this whole argument is moot, isnt it?)
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