Quote:
Originally Posted by touraccuracy
come on people, they're not idiots and they need money so clearly they valued those naming rights differently than telus did.
maybe telus wanted a deal that restricted other corporate advertising inside, and the gov't figures they can still sell the naming rights to someone else AND sell interior advertising for a combined amount greater than 40 mil. the province obviously feels they can get more money somehow and this is the sort of thing that is well researched and discussed before hand.
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That's what the statements made by the Government seem to infer (they wouldn't be allowed to disclose specific terms and conditions).
That seems odd if other third party advertisers were banned from inside "Telus Park"
(i.e. Rogers Arena has lots of third party advertising inside - that's the whole reason for the pixelboard displays ringing the stadium
(maybe Telus demanded terms tied to its supply of the pixelboards?))
If they sold off the exclusive rights to use those pixelboards (for 20 years) for a fixed fee, that would be a dumb move.
If they sold those rights at all (which wouldn't be advisable) it would have to be for a royalty (%age of the revenue), not a fixed fee.
Sounds like someone in Government actually read the contract.