Stadiums & Arenas of Canada, Part 3

[cjones2451]

Originally Posted by Berklon

The awnings would protect the fans from the sun and the extra heat it gives off, but I'd imagine it's still too hot even in the shade in Texas. It's not going to compete with a roof and air conditioning. Phoenix opened their baseball stadium just 4 years later, and they were smart enough to build it with a retractable roof.

Houston has the same thing with Minute Maid Park....Same with Miami too. But getting a new stadium after 20 years seems so Atlanta

[blueandgoldguy]

Ohhhhh. Snap Edmonton!

http://www.cbc.ca/news/canada/calgar...ena-1.4313740?

"One of the reasons Calgary is in this situation right now is because so many other cities have so weakly capitulated when Bettman and their billionaire buddies have made the exact same threats," said National Post columnist Jen Gerson.

"Edmonton is the clear example of this. I mean, clearly, so much of Edmonton's flagging, sad, little ego is tied up in their hockey success that they needed to sign a scam of a deal to give a sweetheart arena over to (Oilers owner) Daryl Katz. And now all of a sudden the expectation is that Calgary is going to fall in line?"

"I'm afraid we're not that pathetic," she said. "We're just not that pathetic, as a city."

[WhipperSnapper]

Originally Posted by elly63

I would like to see some proof of that. Why would they reverse and create a policy that conflicts with their past practices (Rogers, CBS for starters). If Rogers owns a team and Bell is ready to pony up the money for an expansion franchise, MLB will say no? Sounds like antitrust to me. And probably not real good for TV contract negotiations either.

No. Being awarded an expansion franchise and buying an existing one are not the same thing!

[Jaws]

Originally Posted by blueandgoldguy

Ohhhhh. Snap Edmonton!

http://www.cbc.ca/news/canada/calgar...ena-1.4313740?

"One of the reasons Calgary is in this situation right now is because so many other cities have so weakly capitulated when Bettman and their billionaire buddies have made the exact same threats," said National Post columnist Jen Gerson.

"Edmonton is the clear example of this. I mean, clearly, so much of Edmonton's flagging, sad, little ego is tied up in their hockey success that they needed to sign a scam of a deal to give a sweetheart arena over to (Oilers owner) Daryl Katz. And now all of a sudden the expectation is that Calgary is going to fall in line?"

"I'm afraid we're not that pathetic," she said. "We're just not that pathetic, as a city."

Blah, blah, blah. Sounds like someone is jealous. How can it be that Edmonton can have something that they don’t have?

[speedog]

Originally Posted by Jaws

Blah, blah, blah. Sounds like someone is jealous. How can it be that Edmonton can have something that they don’t have?

Well they have The West Edmonton Mall and I am quite happy with that being a three hour drive north of me.

[BlackRedGold]

Originally Posted by Jaws

Blah, blah, blah. Sounds like someone is jealous. How can it be that Edmonton can have something that they don’t have?

Clearly they don't want what Edmonton has - an NHL rink financed primarily off the backs of taxpayers - so why are they jealous?

[WhipperSnapper]

Jen Gerson a pseudonym for Trump? Why be so divisive with belittling Edmonton? They're not the Calgary Flames organization.

[wave46]

Originally Posted by WhipperSnapper

Jen Gerson a pseudonym for Trump? Why be so divisive with belittling Edmonton? They're not the Calgary Flames organization.

Calgary-Edmonton sibling rivalry showing a bit there?

After reading the piece, it's basically the opinion of 3 analysts - it's a non-news item. There's no new information here, just 3 people giving their opinion.

We've covered this pretty extensively already in this thread.

[elly63]

Originally Posted by WhipperSnapper

No. Being awarded an expansion franchise and buying an existing one are not the same thing!

So where is it written that a corporation can't purchase an MLB expansion team? How did Labatts get awarded an expansion franchise (the Jays). They're a corporation last time I looked.

[Boris2k7]

The quote is a bit savage but remember it's on the Calgary CBC. Playing to the sports fans rivalry and the discontent with CSEC at the same time? Win-win.

[Jaws]

Originally Posted by BlackRedGold

Clearly they don't want what Edmonton has - an NHL rink financed primarily off the backs of taxpayers - so why are they jealous?

Time to do some research before spouting off. This is being funded by a CRL, ticket tax and the Oilers. The city borrowed the money and the aforementioned revenue sources are paying off the loan.

[240glt]

They didn't pay for the arena with magic beans, they money came from somewhere. Yes it was financed in large part by taxpayers

[Jaws]

Originally Posted by 240glt

They didn't pay for the arena with magic beans, they money came from somewhere. Yes it was financed in large part by taxpayers

What part of my post didn’t you understand?

[speedog]

Originally Posted by Jaws

Time to do some research before spouting off. This is being funded by a CRL, ticket tax and the Oilers. The city borrowed the money and the aforementioned revenue sources are paying off the loan.

The Oilers only put up $20 million, the rest of the monies the Oilers agreed to pay was funded up front by the CoE.. And the CRL monies, if no arena then where could've those monies been used?

[Jaws]

Originally Posted by speedog

The Oilers only put up $20 million, the rest of the monies the Oilers agreed to pay was funded up front by the CoE.. And the CRL monies, if no arena then where could've those monies been used?

Yes, it was fronted (borrowed)by the COE, but it will be paid back, which unlike most other municipal infrastructure is ultimately self funding. If you are suggesting that the borrowed money has somehow taken away from another municipal need, I have yet to see that this is the case. It’s disingenuous to say that this project was constructed “on the backs of taxpayers”, when property tax revenue didn’t fund the arena. It’s a sweetheart deal for Katz, but ultimately it will be good for the city as well.

[BlackRedGold]

Originally Posted by Jaws

Time to do some research before spouting off. This is being funded by a CRL, ticket tax and the Oilers. The city borrowed the money and the aforementioned revenue sources are paying off the loan.

I'm going to guess you're from Edmonton, the land where the Oilers can do no wrong even when they're drafting first year after year. I'm going to guess Katz didn't flirt with Seattle to pay for everything himself.

According to Wikipedia (and please correct me if Wikipedia is wrong), here's where the money is coming from:

$279 million from the Community Revitalization Levy (CRL) and other incremental revenues (increased parking revenue, reallocation of existing subsidy paid to Northlands and new taxes from business in the arena)
$125 million from ticket surcharge on all events in the new arena
$137.81 million from lease revenue for the Arena
$23.68 million in cash from Edmonton Arena Corporation
$25 million from other government sources


The $279M is money from the city. The CRL is property tax revenue and the other things are all money from the city. This is almost 50% of the cost.

The $125M is presumably a loan from the city being paid back by the Oilers and whoever else is running events at the arena.

$137.81M is presumably a loan the city is giving out that is being paid back by the Oilers. But with the city owning the building, what is the property tax on it?

$23.68M is how much Katz directly put into the arena.

$25M is more taxpayer money spent on the arena.

So tell me again who is financing the arena?

[speedog]

A CRL could've been used in many ways besides an arena, that's all I'm saying. Katz was the real winner here in only having to fork out $20 million of his own money, pocket change for him.

[Jaws]

Originally Posted by BlackRedGold

I'm going to guess you're from Edmonton, the land where the Oilers can do no wrong even when they're drafting first year after year. I'm going to guess Katz didn't flirt with Seattle to pay for everything himself.

According to Wikipedia (and please correct me if Wikipedia is wrong), here's where the money is coming from:

$279 million from the Community Revitalization Levy (CRL) and other incremental revenues (increased parking revenue, reallocation of existing subsidy paid to Northlands and new taxes from business in the arena)
$125 million from ticket surcharge on all events in the new arena
$137.81 million from lease revenue for the Arena
$23.68 million in cash from Edmonton Arena Corporation
$25 million from other government sources


The $279M is money from the city. The CRL is property tax revenue and the other things are all money from the city. This is almost 50% of the cost.

The $125M is presumably a loan from the city being paid back by the Oilers and whoever else is running events at the arena.

$137.81M is presumably a loan the city is giving out that is being paid back by the Oilers. But with the city owning the building, what is the property tax on it?

$23.68M is how much Katz directly put into the arena.

$25M is more taxpayer money spent on the arena.

So tell me again who is financing the arena?

The COE’s lenders are financing the arena with backing from the city. That’s what I said. What does it matter to you?

[WhipperSnapper]

Originally Posted by elly63

So where is it written that a corporation can't purchase an MLB expansion team? How did Labatts get awarded an expansion franchise (the Jays). They're a corporation last time I looked.

I didn't say it was written somewhere or that it hasn't happen before in the 100+ year history. It's just not going to happen when you have 27 of 30 (28 in many ways) teams that are owned by multi-millionaire and billionaire families that do things their way.

[WhipperSnapper]

Originally Posted by Jaws

The COE’s lenders are financing the arena with backing from the city. That’s what I said. What does it matter to you?

Why does it matter where the CoE got the money?