Lol please

Oilers rink was like 70% public money. Let’s be real here, the public pays for most stadiums.

Once quebec as a team quebecor will cover all the fees + a 200 million cheque, that was a part of the deal

Thanks for thoughts all!

No, it was pretty much half and half... Moreover, the point isn't that most stadiums are publicly funded in part, simply that the one in QC was funded entirely by taxpayers, In other words politicians thought it would be beneficial to them whereas actual private investors didn't, an indicator that it likely won't be profitable [for long].



Yeah, the 'deal' for which Quebecor was unwilling to shell out pretty much anything...

Of course though, they dont have an NHL team. You really think private investors would put their own money into an arena without a guarantee of an NHL team? I have an issue with public funds being used to build arenas, but at least in this case it is providing the potential for an NHL team to expand there, not helping subsidize a billionaire owner.


And heres the numbers on the Oilers arena just for the record: https://www.edmonton.ca/attractions_events/rogers_place/the-agreement.aspx
Total cost: $483.5 million
The Katz Group is paying $132.5-million ($112 Mil of that is being paid over the next 25 years as rent, so if you look at just pure cash spent TODAY, the "Public" has paid for 97% of the cost)
The City of Edmonton’s contribution of $226-million
$125-million will be collected through a ticket surcharge

That all depends on whether or not the investment provides a positive return for the investor.

I sure as hell would not throw my hard earned money into an arena just because I thought it would be cool to get the chance to bring an NHL team to my city....

It would have to provide a good financial return. I don't put emotion and irrational thinking into my business decisions and I would be pissed if someone wasted my taxpayer dollars doing that.

Sometimes these public projects fair well for the growth of the city, other times you get an endless money pit that puts the entire area in financial ruin. For examples of that look at how many cities fell into a deep financial pit hosting the Olympics.... Imagine spending hundreds of millions (if not more) on facilities that decayed to ruin after being used for just one function.

TLDR: If it brings money into the city, spend the money and make it happen, if it drains money from the city pull the plug.

quebec city = lazy bureaucrats whose main job is to tell anglophones to say "bonjour" instead of "hello"; no productivity; zero dollars
houston = full of hustling tradies, entrepreneurs and professionals. will appreciate a hard working NHL team in full and bring on the hard-earned bucks

Houston for sure. Big market and a new cross town rivalry for my boys in Dallas. Would be dope

Hate all you want. Rogers place is dope as hell. With the tallest building in Canada west of Toronto across the street. Ice district >


And Houston all day baby.

This post was edited by Subzer0isGG on Oct 10 2018 09:56pm

https://globalnews.ca/news/2927009/a-look-back-at-how-edmontons-rogers-place-is-being-paid-for/



It is subsidizing a billionaire in the fullest though... Its not like the gov/city is going to get to own the team when/if(won't happen) a team goes there, it's quite telling that they couldn't get any sort of participation from private investors and clearly this was just the local politicians' way of gaining support by throwing 400m$ at people in the quebec city region who don't have the means to support a team even if one eventually came.