View Single Post
  #32  
Old Posted Apr 13, 2017, 4:45 PM
Stormer's Avatar
Stormer Stormer is offline
Registered User
 
Join Date: Jan 2008
Posts: 7,229
One can use a simple online amortization table to crunch numbers on this. In order to pay for itself with 500,000 per year attendance to major events, a $200 million arena would need to add a $24 facility fee to every event (including Blades games). This assumes a 30 year amortization at 4%. That is not sustainable. You would therefor need government and municipal grants to bring that down to about $5/ticket. The Riders are charging $12 to pay for Mosaic.

Based on the Province's precedent formula they would contribute 30% or $60 million, but only if their finances turn around (which will take at least 4 years).

The other issue is that $200 million will get you an arena that is smaller than SaskTel few luxuries.
Reply With Quote