Edmonton rejects Oiler [Arena] bid for more taxpayer dollars
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09-19-2012, 02:43 PM
Join Date: Apr 2010
Originally Posted by
TNSE in Winnipeg already own their arena and garner all of the ancillary attached revenue. They additionally own parking structures, a multiplex practice facility, ticketing agency, run a successful concert promotion business, own clubs and restaurants in the surrounding area with plans for more and are also currently building an office tower/hotel/other retail developments around the arena within a new Sports & Entertainment district.
(Longboat = Chipman)
Unlike in Edmonton, Winnipeg currently seems able to get things accomplished beyond the conceptual stage though.
This is what I don't understand... Doesn't it make sense for a Canadian billionaire to build his own arena and control all revenue streams? In terms of the fan what's the difference between a ticket tax and a ticket price increase?
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