New Arena Thread: Rogers Place? Yawn...
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05-15-2013, 09:11 AM
Join Date: Oct 2011
Originally Posted by
If you need to know I paid a subtantial portion, 1/3 cost, in cold hard cash. At the time of purchase the minimum amount I would have had to pay up front to purchase, legal fees, and obtain a mortgage would have been around 10% I did more than that because I wanted to reduce my mortgage payments and I could.
The bank never paid me back 2M in advertising/yr, I didn't have any "naming rights" and/or other revenue from the facility and the city didn't offer to pay for the property my house sits on.
Yeah, exactly the same..
No one said it was exactly the same.
If millions of people watched the televised events staged at your home, the bank may have paid you back $2M/yr in advertising.
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