Quote:
Originally Posted by J.OT13
For sure, the real estate play could be part of it, between LeBreton and the 70+ acres in Kanata. On the other hand, you'd think having to self fund a nearly Billion dollar arena (no chance of public money for this one) would bring the price down.
If Andlauer wins, we might see how much he gets for his 20% of the Canadiens, which may be even more interesting.
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I don't think potential ownership groups conceptualize self funding the same way you or I conceptualize self funding. If you look at Seattle (privately financed but entirely tax funded), I think that is more what is in mind. Maybe I'm wrong?
Extracting a billion buck of extra surplus out of a real estate play of that scale is mighty hard anywhere in the world. Ten thousand units at $100,000 each, over and above normal profits.