The Official Arena Thread Part 6
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11-29-2012, 02:11 PM
Join Date: Jul 2010
Originally Posted by
That's an easy thing to say when you're not the one being asked to sign a 35 year lease.
Katz has done a lot of things wrong during this negotiation but he is right to be leery of making a large, long term, financial commitment in a boom/bust city like Edmonton.
If what's happened with the Coyotes has shown us anything it's that those long term commitments arent worth a whole lot. The City of Glendale had a long term agreement with the Coyotes but when the economics didnt end up working out and the owner declared bankruptcy they were at risk of losing the team. Now they end up paying through the nose to keep the team despite the fact they already had a long term agreement. I'm fine without any 35 year "guarantee".
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