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09-24-2012, 11:25 PM
  #126
danishh
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Join Date: Dec 2006
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but the taxpayers didnt get stuck with the bill.

listen, the sens were a terrible business investment in the 90's. Any canadian nhl team outside of toronto (even montreal) was a terrible business investment in the 90's. If a private investor wanted to take that risk, fine.

if the taxpayers had built them an arena, they still would have gone bankrupt, because they still lost tons of money and had borrowed the initial expansion fee. And then a new owner would have walked in and demanded more money from the taxpayers to 'operate' (read subsidize) the arena, all for the noble cause of keeping the team in ottawa (or else i'll go to houston).

ottawa would have been exactly like glendale is right now - stuck between blackmail and a white elephant.

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