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  #4581  
Old Posted Jun 27, 2018, 2:09 AM
milomilo milomilo is offline
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Originally Posted by MalcolmTucker View Post
The $185 million was not a grant, it was a repayable contribution at best (interest free loan) or at worst, a loan (the difference isn't that large in a low interest rate environment).



The corporation doesn't pay city taxes now.
Not saying I think you're wrong (I seem to remember seeing the information that might back it up), but where does it say the city's contribution is a loan?



Just because Calgarians got screwed by a bad deal giving corporations a property tax break the first time, and just because other cities do, does not mean we have to give the Flames one this time.
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  #4582  
Old Posted Jun 27, 2018, 3:16 AM
CrossedTheTracks CrossedTheTracks is offline
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Originally Posted by milomilo View Post
Not saying I think you're wrong (I seem to remember seeing the information that might back it up), but where does it say the city's contribution is a loan?
Certainly wasn't a loan in any formal sense, but in https://www.nhl.com/flames/fans/arena, CSEC contended that the city was paying nothing in the end because the property taxes over time would exceed the amount that the city proposed to contribute [making the city contribution effectively a loan]:

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The City's proposed funding model, as presented, did not accurately reflect the total Flames funding required. Total funding by the Flames would equate to $613M, or 123% of the cost of the building.
CSEC's argument here was rather incomplete, to be polite. They chose not to give any estimates of the profit they expected to earn from the facility, which under the city's proposal would go 100% to CSEC. The implication from this is that the city shouldn't earn any money from their capital investment.

In the same document, CSEC implied that the ticket tax in the city's proposal was in reality coming from CSEC's pocket, but in the side-by-side comparison with Edmonton, chose not to portray their ticket tax as coming from Oilers' pockets.

Personally, I remain open to objective arguments about what constitutes a reasonable and necessary public contribution, but the disingenuous arguments from CSEC don't help...
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  #4583  
Old Posted Jun 27, 2018, 3:28 AM
milomilo milomilo is offline
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Yeah I remember that argument from them, and I see no reason to be polite. The Flames paying property tax isn't the repayment of a loan... it's them paying property tax like I pay, you pay, and every other company pays. Along with being given the right to make lots of money here, 20,000 people going to watch a game requires investment in roads, public transit, police etc all of which the Flames benefit from, but don't want to pay a penny towards.
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  #4584  
Old Posted Jun 27, 2018, 3:17 PM
MalcolmTucker MalcolmTucker is offline
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Yes, but right now they pay nothing, and an arena can't work without more public money.

As long as we are ok with not having an arena after the current one becomes too expensive to maintain, this is a totally reasonable position.

My perspective is it is inevitable Calgary will end up with a new building with arena like functions (could be concert only), could have other compromises to lower the cost, but there will be cost. And that that cost will be higher in both upfront and ongoing support than taking the above city proposal, waiving the city property tax, and calling it a day.
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  #4585  
Old Posted Jun 27, 2018, 6:01 PM
McMurph McMurph is offline
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The Flames plain and simple have to fire Ken King and come to the table with at least a modicum of respect for the community and transparency regarding their finances. Their bullshit is seriously undercutting the value of their brand. I've been a fan from the moment they arrived from Atlanta and I'm tempted to (over) pay for a ticket simply so I can show up at a game with a bag over my head.

On that topic, was Bill Smith's list of campaign contributions ever released?
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  #4586  
Old Posted Jun 27, 2018, 6:18 PM
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The Flames plain and simple have to fire Ken King and come to the table with at least a modicum of respect for the community and transparency regarding their finances. Their bullshit is seriously undercutting the value of their brand. I've been a fan from the moment they arrived from Atlanta and I'm tempted to (over) pay for a ticket simply so I can show up at a game with a bag over my head.

On that topic, was Bill Smith's list of campaign contributions ever released?

I'd like that....if we could also get Neshi out of the equation and his lack of respect. Both of these guys have been egomaniac idiots throughout the whole process.
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  #4587  
Old Posted Jun 27, 2018, 7:10 PM
CrossedTheTracks CrossedTheTracks is offline
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On that topic, was Bill Smith's list of campaign contributions ever released?
Campaign finance disclosures for all positions & candidates are available at http://www.calgary.ca/election/Pages/disclosures/2017-Disclosure-of-Campaign-Finances.aspx
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  #4588  
Old Posted Jun 28, 2018, 12:58 AM
milomilo milomilo is offline
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Originally Posted by McMurph View Post
The Flames plain and simple have to fire Ken King and come to the table with at least a modicum of respect for the community and transparency regarding their finances. Their bullshit is seriously undercutting the value of their brand. I've been a fan from the moment they arrived from Atlanta and I'm tempted to (over) pay for a ticket simply so I can show up at a game with a bag over my head.

On that topic, was Bill Smith's list of campaign contributions ever released?
This is correct.

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Originally Posted by rotten42 View Post
I'd like that....if we could also get Neshi out of the equation and his lack of respect. Both of these guys have been egomaniac idiots throughout the whole process.
This is imaginary.

While perhaps a little bit outspoken, Nenshi was still completely diplomatic. This is in comparison to the entitled assholes at the Flames talk of 'they'll just leave' and literally calling Calgarians stupid for not wanting to subsidise a sports team.
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  #4589  
Old Posted Jun 28, 2018, 1:07 AM
milomilo milomilo is offline
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Originally Posted by MalcolmTucker View Post
Yes, but right now they pay nothing, and an arena can't work without more public money.

As long as we are ok with not having an arena after the current one becomes too expensive to maintain, this is a totally reasonable position.

My perspective is it is inevitable Calgary will end up with a new building with arena like functions (could be concert only), could have other compromises to lower the cost, but there will be cost. And that that cost will be higher in both upfront and ongoing support than taking the above city proposal, waiving the city property tax, and calling it a day.
It only 'can't work' when cities continent wide have made a habit of pandering to sports teams' greed and giving in to their threats.

If they can build an arena in the UK for 11,000 people concerts for £10.6m, then I'm sure we can find a way to build a music venue for less than $185M. Not that I think it will come to that, but I think a deal with the Flames or some other future team will be possible to build a hockey arena. And if they don't, that's fine too, not only did we not waste the money, but we will have the pride of being the one city that didn't get taken for a ride.
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  #4590  
Old Posted Jun 28, 2018, 1:55 PM
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Originally Posted by milomilo View Post
This is correct.



This is imaginary.

While perhaps a little bit outspoken, Nenshi was still completely diplomatic. This is in comparison to the entitled assholes at the Flames talk of 'they'll just leave' and literally calling Calgarians stupid for not wanting to subsidise a sports team.
Right? you have blinders on.
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  #4591  
Old Posted Jun 30, 2018, 3:07 AM
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Originally Posted by milomilo View Post
To be clear, are you talking about this video?

https://www.youtube.com/watch?time_continue=302&v=gS5HCP1vjZg

Because I can't see what Nenshi said that equates to what you are saying. Nenshi stated that he thought that Victoria park was the better option and doesn't think the public should pay to build the Flames' arena in the West Village. Doesn't sound controversial to me, unless you're a douchebag entitled sports team corporation owner. Not that it matters now anyway as we hold the cards and should act like it - we have nothing to lose, except the Flames, which isn't a loss if you are a rational person.

I agree that an arena is a waste of space - whether it's in the West Village or the East Village. Build it in Balzac. It'll be cheaper to build, it's got two freeways servicing and we don't waste land on a church. Everyone's a winner.
Nenshi’s campaign video is basically the negotiating equivalent of proposing to your girlfriend at someone else’s wedding reception. It is obnoxious and risky to begin with but in this case he was attaching the Flames to a proposal they had not merely rejected but had caused them to end negotiations entirely weeks earlier, that was definitely out of line.

When you attempt to negotiate in public the hope is that by making things public the other side will be less likely to make a scene and that the outside observer will become invested in the outcome and their enthusiasm will sway the other party, this obviously didn’t happen and positions have only hardened. I am also not convinced anyone is longing for the day they can go to a Margaritaville next door to Alpha House.

Unless you know of another NHL franchise that is interested in relocating to the Saddledome or in willing to substantially spend their own money to build something to precisely the mayor’s specifications we’re just going to have to deal with the Flames ownership be they douchebags or not.

If there is no deal and the Flames leave the city just ends up having to replace the Saddledome in the future with no substantial private contribution except the naming rights to a building without a professional tenant and that building with be built with a future NHL franchise in mind whether you like it or not.

I would be content to give them the West Village lands in exchange for a performance bond repayable when they complete the creosote remediation and an arena-only plan that isn’t as ridiculous as CalgaryNEXT. They can then develop the rest of the area with their partners as they see fit and profit obscenely - or not. I would prefer it be built at Firestone or a location to be determined in the wasteland east of Macleod Trail. If there is to be a public contribution I want to see it applied in a way that will elevate the area where it is built. I think building it in Victoria Park would probably be detrimental to the area instead. Although I also don't care if the Flames just leave.

Pride is a very dangerous motivation in negotiations and saving face is usually a Pyrrhic victory. If there is going to be an arena built in Calgary in the next twenty years it is best to secure the greatest contribution possible from the Flames. If the Flames aren't around to contribute you're going to be shaking WestJet down for a few million bucks for the naming rights and paying for the rest.
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  #4592  
Old Posted Jun 30, 2018, 3:09 AM
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nevermind
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  #4593  
Old Posted Jul 5, 2018, 6:34 AM
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Originally Posted by MalcolmTucker View Post
Yes, but right now they pay nothing, and an arena can't work without more public money.

As long as we are ok with not having an arena after the current one becomes too expensive to maintain, this is a totally reasonable position.

My perspective is it is inevitable Calgary will end up with a new building with arena like functions (could be concert only), could have other compromises to lower the cost, but there will be cost. And that that cost will be higher in both upfront and ongoing support than taking the above city proposal, waiving the city property tax, and calling it a day.
I think this is where the deal will land when the smoke clears.
And then what about McMahon ?
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  #4594  
Old Posted Jul 9, 2018, 1:05 AM
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I think this is where the deal will land when the smoke clears.
And then what about McMahon ?
Sprung tent, if it's good enough for Elon then it's got to be good enough for McMahon.
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  #4595  
Old Posted Jul 9, 2018, 3:35 AM
MalcolmTucker MalcolmTucker is offline
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In the annexs of the CBEC report (Olympic bid report) there are reasonable layouts of turning the Stampede Grandstand into a football stadium with costing of different options. Probably the only way to get the use events up a lot which helps the public contribution case and the economics of it now that there isn’t horse racing paying the bills.
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  #4596  
Old Posted Jul 9, 2018, 6:15 AM
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^Well now that's intreiging - just like we've discussed here.
Are these annexes public info? Can you provide a link?
I did a quick google search but didn't come up with anything.
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  #4597  
Old Posted Jul 9, 2018, 3:31 PM
MalcolmTucker MalcolmTucker is offline
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Originally Posted by craner View Post
^Well now that's intreiging - just like we've discussed here.
Are these annexes public info? Can you provide a link?
I did a quick google search but didn't come up with anything.
Search for:


"OLYMPIC BID EXPLORATION UPDATE- C2017-0541 - APPENDIX_4I" here:
http://publicaccess.calgary.ca/searchCCProc/index.htm


They also did an analysis of McMahon renos but that has been lost online.

Last edited by MalcolmTucker; Jul 9, 2018 at 4:15 PM.
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  #4598  
Old Posted Jul 9, 2018, 4:37 PM
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Thanks MT
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  #4599  
Old Posted Aug 12, 2018, 11:45 PM
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What's the latest news on this bad boy?
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  #4600  
Old Posted Aug 13, 2018, 1:25 AM
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What's the latest news on this bad boy?
My sense is that after citizens vote down going after the 2026 Olympics they'll get serious. If they don't the Flames will leave.
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