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05-15-2013, 12:23 AM
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Originally Posted by Billybaroo View Post
Well, who knows what its going to be used for. All I know is that it is one of Katz new "asks"/demands along the way (this of course after he had committed to an earlier framework with no such requirement)& given that the City is pouring hundreds of millions into Katz's plaything, its kind clear to me that it , or at least a portion of it will be funding the new arena.
After all, I cant see Daryl, the shrewd businessman that he is, demanding the City have a ticket tax for Northlands, only to have the City turn around & give it back.
But that's why its clear the ticket tax at Northlands isn't for the new arena. The ticket tax rate was agreed to originally, amount calculated, etc and then Katz asked for the ticket tax to be applied to Northlands as well. So if we include the Northlands ticket tax, than the city has more than enough to cover the arena.

Katz simply wants to make sure that Northlands can't undercut him for concerts/other events by offering the promoter more $$ (which they could if they didn't have to pay the ticket tax).

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