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05-15-2013, 10:07 AM
  #77
worraps
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Join Date: Oct 2011
Location: Edmonton
Country: Canada
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Quote:
Originally Posted by Replacement View Post
Apparently needs stating but people will pay more to enter a much better facility. A facility Katz essentially did not pay for. How does it logically follow that Katz is the one being squeezed here on ticket tax on a rink he doesn't own, and which he contributes little to?

Katz gets all ticket price revenues for every event. Throughout the saga one of the few rights the city has held onto is being able to use a ticket tax as a revenue stream to pay back part of their massive investment. I don't think it unreasonable that the city should have this avenue to partially reimburse their expenditure.
As chrisj pointed out the ticket tax money is coming out of Katz's pocket in the form of lower market clearing ticket prices.

It takes a special kind of mental gymnastics to get from there to your opinion on the matter.

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