View Single Post
Old
12-10-2012, 11:30 AM
  #699
CasualFan
Tortious Beadicus
 
Join Date: Nov 2009
Location: Bay Area, CA
Country: United States
Posts: 2,181
vCash: 500
Quote:
Originally Posted by TheLegend View Post
So now we are all going to become paranoid over an avatar????
I'm amused if people think The Leather Shiek is managing her own social media portfolio. What's the probability of a 70-year-old politician having the time, ability, and motive to upload avatar pictures to troll Canadians? Somewhere around 0%?

Quote:
Originally Posted by JimAnchower View Post
Even if Jobing.com Arena got more events, it may not be enough events to cover all the expenses.
"May not" is being really generous. And that has long been the punchline for anyone with a basic understanding of Gov & Econ. With the JIG Lease, there is no potential for the arena and Westgate revenues to ever cover the expense of the AMF. It is a guaranteed multi-million dollar loss every year, plus - as a bonus, it leaves the arena debt completely unfunded. It really is spectacular thinking. The city takes the rent, surcharges, and taxes that were meant to pay the arena construction bond debt and pledges those monies towards the AMF instead. But, since there's nowhere near $15MM worth of revenue, they can't even cover the AMF payment.

They defund the arena debt payment entirely but it's not even enough to pay the AMF.

Visionary.

CasualFan is offline