The Official Arena Thread Part 6
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12-13-2012, 02:20 PM
Join Date: Nov 2006
Originally Posted by
Some of it is in the citys calculations on what the CRL will produce or at least they compare those costs to what the city will gain from the increases in taxes. That is one of the reasons they backed out when the Katz group asked for more. Of course the city is very much in favor of revitalizing downtown because these infrastructure costs are mitigated by the fact that more people downtown means less new subdivsions which means less infrastructure payments in the longterm. There are already hospitals, police, fire anr emergency services downtown so they dont have to build more of those south of ellerslie or further out on the west end or farther north wherever the next big expansion would be.
The idea is a good one but it depends on the implementation. There has to be restrictions based on success of the CRL and on team need,
which means regular audits of the teams books by a third party auditor.
The Oilers are not owned by the City and no funding model will ever be agreed upon where private business must open their books to the public.
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