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Originally Posted by mytwocents
We already have land 2 blocks north of where the current stadium but I don't know who owns it. An arena could fit there quite nicely and be tied in easily with the future green line.
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The Parking lots are owned and controlled by Calgary Exhibition and Stampede (CES).
However immediately to the east is two blocks partly owned by CES and partly owned by the City. Further there are several longstanding agreements on the land such that redevelopment is complicated under any scenario. For example, there is a halfway house on 13th Avenue SW that is required to be relocated under any redevelopment scenario. The redevelopment must include the cost of new facilities.
Quote:
Originally Posted by Bigtime
The parking lots north of the Saddledome right up to 12th avenue are owned by the Stampede, and this is most likely where the new arena will go.
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Further expanding on the land ownership North of 11 Avenue. This area is owned and controlled by Remington family/group of companies. This is where the Railtown redevelopment is planned once the East Village area is completed. Further, the Railtown area is currently under the East Village CRL and therefore any CRL proposal for the arena cannot use the Railtown lands.
One possible scenario to back room finance the CalgaryNext Plan B site is for the city to cover the Railtown land contribution to the existing East Village CRL, thereby allowing the Plan B site to utilize a new CRL for East Victoria Park. Its backroom because the City would never press release the fact they took on an additional $150 million debt to release Railtown/Victoria Park from the East Village CRL.
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Originally Posted by Rollerstud98
Who currently gets the concession revenues at Flames games? I think it is the Stampede but I may be wrong. If it is the Stampede I could see the Flames ownership not wanting to be on their grounds just for this. That is a lot of money every night. Reason I think it is Stampede is because you look at the Flames revenue and even with larger overall crowds for the season they usually bring in less money by factors of millions.
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The Scotiabank Saddledome is owned by the Calgary Saddledome Foundation. In turn the Calgary Saddledome Foundation turn over management to CSEG for $1.5 million per annum. The Saddledome foundation is incorporated by City of Calgary under the AB Societies Act.
The concessions are controlled by CSEG under management agreement from the Saddledome Foundation. The same management team for Saddledome retail also operates McMahon, although front line employees rarely operate at both sites.
CES gets to nominate one person onto the Saddledome Foundation board. Likewise, CSEG gets to nominate one board member onto the Saddledome Foundation. Common ground between the Saddledome Foundation and CES is found mostly at the City of Calgary. City of Calgary gets to nominate 3 members to each board, plus indirectly the City of Calgary gets to nominate other directors because the City has significant representation other non-profit organizations like Parks Foundation, Hockey Canada, etc.
The concession revenue also gets put through a washer ownership structure so that the NHLPA only gets a limited amount for their cut. Concession revenues from NHL games are part of the revenue sharing agreement that is at the heart of the collective bargaining agreement between NHL and NHLPA.
Here is a good hypothetical example. I own the NHL team. My sister owns exclusive rights to the concession stand for $100 per game. The concessions make about $200 per game and Sister is allowed to keep anything beyond $100 per game. I charge my sister the equivalent to $50 per game to live in the basement of my house. I walk away with $150/game but only give $50 to the players under the 50/50 revenue sharing deal.