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The Business of Hockey Discuss the financial and business aspects of the NHL. Topics may include the CBA, work stoppages, broadcast contracts, franchise sales, NHL revenues, relocation and expansion.

Ville de Québec: NHL to QC non-arena talk - Part I

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Old
09-08-2011, 02:26 AM
  #26
Killion
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Quote:
Originally Posted by MAROONSRoad View Post
I'd be surprised if there wasn't already some kind of understanding or "gentlemen's agreement" at the very least in place between QC, Quebecor, the province of Quebec and the NHL to bring an NHL team back to the city.
Agree. All Compass Points are directed that way...

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Old
09-08-2011, 04:59 AM
  #27
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Originally Posted by MAROONSRoad View Post
As long as this arena gets built, Quebec City will get a team (most likely via relocation imo). The moment the financing goes through and the shovels are in the ground QC becomes viable and an NHL team can play temporarily in the Colisée if need be -- the return of the NHL to QC becomes inevitable. Quebecor is the type of company that can pull this off especially with the backing of the Quebec governments. I'd be surprised if there wasn't already some kind of understanding or "gentlemen's agreement" at the very least in place between QC, Quebecor, the province of Quebec and the NHL to bring an NHL team back to the city.
And if there's a deal in place I wonder if the NHL would be willing to give a brand new franchise with no transfer.

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Old
09-08-2011, 07:36 PM
  #28
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Quote:
Originally Posted by MAROONSRoad View Post
I'd be surprised if there wasn't already some kind of understanding or "gentlemen's agreement" at the very least in place between QC, Quebecor, the province of Quebec and the NHL to bring an NHL team back to the city.
I suspect that as well. The parties in Quebec are privy to some knowledge that is spurring them to get this done. I don't know how it will happen, but there will be a franchise in QC imo, quite possibly in the next three years.

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09-08-2011, 09:17 PM
  #29
Canadiens1958
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Provincial Government

Quote:
Originally Posted by Ismellofhockey View Post
It's not a bad deal for the city: they paid $187M to build the arena, and if Quebecor gets an NHL team, they'll have to pay $63.5M for naming rights + $125M in rent (over 25 years) = $188.5M. Plus Quebecor gives a 10% share of profits to the city, which should help the city in paying interest on its loan.

Quebec City should see a lot of concerts every year, which means the city should get a good amount of money.

The Provincial government however doesn't get much of a return on its $200M investment.

If Quebecor doesn't get a team, it's less attractive for the city: $33M for naming rights + $79M in rent. They'll have to hope that the 15% share of profits makes up for it.
Consider the provincial governments gain from the resulting provincial income tax, personal and corporate, plus the provincial sales tax applied on virtually all transactions, plus the indirect tax benefits generated by tourism, the boost to the provincially owned casinos or bump in revenues from sports lotteries.

Then there are the political benefits.

The provincial government does very well.

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Old
09-09-2011, 05:27 PM
  #30
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good deal QC, way to go.. hope it works out for you guys..

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09-15-2011, 02:54 AM
  #31
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http://slam.canoe.ca/Slam/Hockey/NHL...slam!%20hockey

Aubut claiming he'll have a QC franchise within two years .

Quote:
Six U.S. NHL franchises are in trouble and ripe for relocation, Aubut told QMI Agency.
...
"If we had (built) earlier, we would have had a team today, not Winnipeg," he said of the Atlanta Thrashers' move to Manitoba in May.

"I know that (NHL commissioner Gary) Bettman would have chosen Quebec City way before Winnipeg. I remember when the Nordiques left, he said 'we just lost a big asset, with the cultural aspect that Quebec represents.' This was an American talking!"
...
Aubut says the relocation clock is ticking. The U.S. economy will eventually recover and Aubut says the owners of struggling franchises will be less likely to sell their holdings once the downturn ends.

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09-20-2011, 07:11 PM
  #32
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The vote just ended at parliament 94 for, 13 againts, 4 abstention.

The deal is good/valid we are good to go

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09-20-2011, 07:35 PM
  #33
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Never doubted it'd pass.

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Old
09-20-2011, 09:04 PM
  #34
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Quote:
Originally Posted by GordonGraham View Post
The vote just ended at parliament 94 for, 13 againts, 4 abstention.

The deal is good/valid we are good to go
So is a new arena official?

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09-20-2011, 10:51 PM
  #35
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Quote:
Originally Posted by GordonGraham View Post
The vote just ended at parliament 94 for, 13 againts, 4 abstention.

The deal is good/valid we are good to go
That's the first vote (vote in principle). The final vote will happen tomorow or thursday.

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Old
09-21-2011, 09:23 AM
  #36
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Quote:
Originally Posted by End on a Hinote View Post
So is a new arena official?
It was official last March, however this vote (that will be finalized around noon today) is there simply to completely protect the deal from the legal complaints against it (By Denis de Belleval, a politician who has a Vendetta against mayor Labeaume), so we can start building right away without any fear of a legal monkey wrench being trown during the construction and ruining everything.

Once the vote is passed, nothing can be done to stop the construction of the arena.

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Old
09-21-2011, 11:56 AM
  #37
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It's done now :-)
Next step? NHL

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Old
09-21-2011, 11:58 AM
  #38
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Quote:
Originally Posted by LadyStanley View Post
http://slam.canoe.ca/Slam/Hockey/NHL...slam!%20hockey

Aubut claiming he'll have a QC franchise within two years .
I don't think Gary will be happy at some of the things Aubut said.

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09-21-2011, 12:03 PM
  #39
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Quote:
Originally Posted by 2525 View Post
I don't think Gary will be happy at some of the things Aubut said.
Aubut isn't directly involved with the groupe trying to bring a team back to Québec, so I doubt Gary will care about what Marcel has to say.

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09-21-2011, 02:22 PM
  #40
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Quote:
Originally Posted by Ismellofhockey View Post
The Provincial government however doesn't get much of a return on its $200M investment.
Yeah they do, they just won't reap the rewards until re-election time...

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Old
09-21-2011, 02:29 PM
  #41
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Originally Posted by Matrix78 View Post
It's done now :-)
Next step? NHL
Yeeeeaaaaahhhhh, might be a little more work than that. Ask Mark Chipman.

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Old
09-21-2011, 02:47 PM
  #42
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Quote:
Originally Posted by Canadiens1958 View Post
Consider the provincial governments gain from the resulting provincial income tax, personal and corporate, plus the provincial sales tax applied on virtually all transactions, plus the indirect tax benefits generated by tourism, the boost to the provincially owned casinos or bump in revenues from sports lotteries.

Then there are the political benefits.

The provincial government does very well.
How is that new money?

The money spent at the arena would have been spent elsewhere and I don't see many tourists from outside the province going to see the Nordiques...

The provincial governemnt won't get much return on their 200mil, it's purely political.

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Old
09-21-2011, 03:14 PM
  #43
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Quote:
Originally Posted by La Grosse Tendresse View Post
How is that new money?

The money spent at the arena would have been spent elsewhere and I don't see many tourists from outside the province going to see the Nordiques...

The provincial governemnt won't get much return on their 200mil, it's purely political.
You don't think people from Montreal who CAN'T get tickets in MTL won't try to get tickets in Quebec just like they do in Ottawa? Don't you think that nearby fans of the Bruins, the Sabres, the Senators and the Leafs won't try to catch a game? Come on...

It won't constitute the majority of the revenues, but it will surely help^. And do not forget that it will revitalize a dead neighberhood and create new jobs. The government will get plenty of new tax money. That won't cover the 200 millions, but they will have some benefit.

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Old
09-21-2011, 03:20 PM
  #44
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Quote:
Originally Posted by La Grosse Tendresse View Post
How is that new money?

The money spent at the arena would have been spent elsewhere and I don't see many tourists from outside the province going to see the Nordiques...

The provincial governemnt won't get much return on their 200mil, it's purely political.
Yup. Just about every independent study of the economic effects of a new stadium/arena shows that they do not generate new economic activity - they merely displace other spending/taxes that would have been generated in the area.

As a result, it doesn't make sense (from a purely economic perspective) for a state or province to publicly fund an arena - unless it is right on a border and will draw significant new spending into the state/province. However, an argument could be made for a city providing funding - since it could displace new spending from the surrounding metro area into that city proper and generate new tax revenues (at the expense of the surrounding area).

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Old
09-21-2011, 04:23 PM
  #45
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Quebecor Media Inc.: Adoption of Bill 204
"The ball is now in our court!" - Pierre Karl Peladeau


Quote:
[...]

"We now have all the necessary tools to reach the objective we set out to bring the Nordiques back to Quebec City. The population of Quebec City and all hockey fans can count on our unwavering determination in our ongoing representations to the National Hockey League," said Pierre Karl Peladeau.

Although Quebecor Media has no guarantee from the NHL and intends to remain discreet about its efforts, it considers itself to be well positioned to bring this project to fruition. "The passion of Quebec City residents and those of Quebec as a whole for our national sport is a powerful argument. I invite everyone to unite and mobilise their strength to push this collective project forward. The ball is now in our court and it's our turn to play!" adds Pierre Karl Peladeau.

[...]

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Old
09-21-2011, 04:33 PM
  #46
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Great. I can't wait to see the Nords back in the NHL.

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Old
09-21-2011, 05:43 PM
  #47
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Just reading that press release gave goosebumps. I sure hope it will work out.

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Old
09-21-2011, 07:46 PM
  #48
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Alright, let's get this done!

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Old
09-21-2011, 08:01 PM
  #49
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Hopefully it works out sooner than later.

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Old
09-21-2011, 08:23 PM
  #50
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So....do they put the shovel in now?

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