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09-19-2012, 11:14 PM
Lummer Hummer
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Join Date: Nov 2007
Country: Canada
Posts: 128
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Lifelong Edmontonian here...
This whole mess could be easily solved if Mr. Katz would allow the use of PSL's, whereby private citizens would buy the rights to their seat for X years by way of a lump-sum payment up front. This method has been used countless time by NFL owners, & while I think it's repugnant, it does generate the necessary capital that would be needed to build, or partially build, an arena/stadium.
However, Mr. Katz has declined to entertain this option, because it would mean taking away future revenues from his pocket, & why use your own money when someone else's will do?

Oh, & you might want to think about this tidbit... Katz ain't as rich as he makes himself out to be. Back in 2009, CIT Financial declared bankruptcy - guess who they helped purchase a local hockey team with a $200M loan? You may have money, but you're always someone's *****.

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