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10-28-2012, 12:21 PM
Rebuild, year 4...
stratedge's Avatar
Join Date: Jul 2007
Location: Calgary, AB
Country: Canada
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Originally Posted by Halibut View Post
IF the dollar drops to 65 cents again then Katz could be in trouble, but so could the city. Big economic swings dont just affect the hockey team. The biggest problem with giving him something that protects him from a downturn is that while he doesnt need it we are subsidizing him huge profits. If the economy never does go through a downturn then he never needed that money in the first place. A reasonable solution would be the ticket surcharge flipping to Katz if certain criteria are met, like a lower Canadian dollar or revenues not keeping pace with the rest of the league.
This is intelligent and rational thinking, and I agree. Make any sort of subsidy based on the premise of hypothetical risk contingent on economic criteria, such as dollar value relative to USD. I'd take that bet.

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