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11-07-2012, 05:28 PM
  #201
Billybaroo*
 
Join Date: Oct 2012
Posts: 737
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Quote:
Originally Posted by worraps View Post
You're conflating two entirely separate issues. The ticket tax is a contribution by Katz towards the capital costs of the building regardless of how much rent is charged.

Instead of charging him no rent, the City could be paying him 'eleventy billion' dollars to operate the arena and a ticket tax would still be a Katz Group contribution toward the capital costs of the building.

Also his competitors aren't limited to Northlands. People don't have unlimited budgets for entertainment and if arena event tickets prices (tax included) climb too high they will simply go to movies, non-arena concerts, etc, etc, instead.
So I guess Northlands is also contributing to the new arena , right? Heck, they could be contributing more than Katz (which wouldnt take much)

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