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05-15-2013, 08:58 AM
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Join Date: Oct 2011
Location: Edmonton
Country: Canada
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Originally Posted by Replacement View Post
To be blunt this is a ridiculous conclusion.

Katz obtains an opulent, state of the art, best in the world type facility for 600M. He pays no money upfront for this, no taxes, and gets all the revenue from all events, gets naming rights, gets an advertising kick back from the city, who are fronting virtually the entire cost of the build and you're arguing that the ticket tax is Katz's skin in the game?

I could maybe see your argument exclusively for Oilers games as in that case Katz at least owns the product.

Man, the ONLY advantage the city is retaining through *ownership* in this whole deal is figuring they have a right to the ticket tax revenues in a building they own.

"To be fair" lmfao
At one point I am almost sure that Replacement obtained an opulent, state of the art, best in the world type home (relative to the rest of the world) for very little money down.

It's the miracle of financing.

Katz will eventually have paid for a substantial portion of the arena just as Replacement eventually paid down his first mortgage.

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