: News Article:
New Arena deal agreed to by city and Katz group:mod warning #616
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01-28-2013, 03:44 PM
Join Date: Apr 2005
Originally Posted by
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 -
- 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.
The current tax brings in approximately 2M/yr. as per an article on Friday.
That means when the new arena opens, Northlands will lose the roughly $2 million a year it gets from the current ticket tax,
This is a fraction of what the new surcharge must bring in.
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