: News Article:
New Arena deal agreed to by city and Katz group:mod warning #616
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01-28-2013, 04:03 PM
Have a McDavid day!
Join Date: Jun 2010
Originally Posted by
Even if its only 7%, thats being quoted per ducat price. Which means the tax could be the ticket surcharge could be anywhere from around 7bucks to say 25bucks on more expensive seating. I won't even touch what the tax could be on loge seating.
Heres another rub. Oilers are never keen on hitting up seasons ticket holders with much in the way of increases as they dont' want to bite the hand that feeds them. What does this hold for game day buyers. Will they be paying MORE of the surcharge?
Beyond your grandstanding lets also realize that this ticket tax will be about
4times as much as the current tax.
You keep trying to make it sound like its the same.
4 times as much as the current ticket tax huh? You forgot the "IMO" again Replacement - unless you have some proof to back up your "grandstanding". You really expect Katz to go from 4 million generated per year from the ticket tax to over 16 million in 9 years?
The ticket tax is already at roughly 7% per ducat and has been for a while -
The report comes from Simon Farbrother, Manager of the City of Edmonton, saying Edmonton Oilers' owner Daryl Katz, pharmaceutical mogul, is "resistant" to continue with a roughly seven per cent tax on tickets to cover a portion of the new facility construction costs, as proposed through written support to Edmonton Mayor Stephen Mandel.
- This above quote is old of course, and now we know that it's being contributed towards the costs of the arena to the tune of $125 million.
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