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05-14-2013, 08:17 PM
  #52
I am the Liquor
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Quote:
Originally Posted by VanIslander View Post
Edmonton taxpayers 219 m + 125 m ticket tax = 344 m
Edmonton Oilers ownership = 143 m

The billionaire pays less than a third of the total cost but gets to manage the assets and get the profits?

The logic of public-private partnerships is corporate welfare run amock.

Water services and waste management services has already dumped millions of taxpayers dollars into private corporate hands. The trend continues.

Hockey would survive in Edmonton without sponsoring a billionaire. It's a profitable market for hockey!!! This deal suggests otherwise? or a money/power grab/abuse!
The billionaire also has to pay operational costs for the building, which if you are familiar with, are pretty much equal to any concessions/parking income/building rental from events throughout the year.

Didnt the BC govt just spend half a billion dollars on a new roof for BC Place?

If communities/taxpayers want nice facilities to enjoy their entertainment, then they have to contribute towards such facilities. It has always been this way, and it always will be.

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