: News Article:
New Arena deal agreed to by city and Katz group:mod warning #616
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05-10-2013, 12:18 AM
Now with 9% more zen
Join Date: Apr 2005
Location: Hockey Hell
Originally Posted by
Cause guess what? KATZ gets the naming rights, worth hundreds of millions , to an arena he doesnt even own & contributed to minimally.
How hard is it for people to actually be aware of the present agreement on the table while wading into the debate?
Its laughable That Katz has the naming rights for a building he doesn't own and a building he doesn't front one dime in.
Even worse, the amount that Katz puts in annually is barely more than what he can make on naming rights and the 2M/yr "advertising" payback the city is giving him for the first 10yrs.
Its quite conceivable that Katz will be out of pocket 1M/year for the first 10 years.
On an arena project worth 600M and for which he gets all revenue from all events.
Yet Katz was demanding MORE than this deal. lmfao
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