CALGARY — A quick look at what the City of Calgary and the Calgary Flames are offering to build a new NHL arena:
City of Calgary
— an equal three-way split of $185 million each from the city, Flames and a ticket surcharge paid by users for a total of $555 million.
— Flames ownership gets control of arena and all revenues for 35 years.
— Calgarians get an NHL team, property tax and use of the event centre during Stampede.
Flames ownership
— Contribute $275 million of their own money to a $500-million arena, which they equate to prepayment of rent for 35 years of tenancy.
— Says the city can raise $225 million via a community revitalization levy, which is tax collected from new development around a new arena.
The Canadian Press
