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Flames, city of Calgary reach tentative deal for new arena

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On 7/19/2019 at 9:04 PM, goog16 said:

Congrats,as much as I hate Calgary and their fans this is good news for them!

Not really.  Taxpayers helping fund a private arena?  Welfare for Billionaires.

 

Canucks are likely the few (if any) NHL teams that built their arena themselves without "extorting" money from "Joe taxpayer".

 

At least the Edmonton subsidized arena helped revitalized that area.  The area in question in Calgary doesn't need such "revitalization". 

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Man, I love the Beaverton

 

https://www.thebeaverton.com/2019/07/heartwarming-city-of-calgary-donates-275m-to-local-billionaire/

 

CALGARY – In the midst of an economic downturn that has negatively affected many Calgarians, the City of Calgary has decided to open its heart, and its wallet, with a pledge to spend $275 million on a new arena for the Calgary Flames.

“Things are rough in Calgary right now,” Mayor Naheed Nenshi said. “If this act of taxpayer-funded kindness can put a smile on the face of even one of the millionaire or billionaire co-owners of the professional sports and entertainment company that owns the Flames and the Stampeders, then it’ll all be worth it.”

While some argue that the city spending more than a quarter of a billion dollars on a new arena while cutting $60 million from frontline services like police and firefighters makes no sense, the city council and mayor counter that this massive act of municipal generosity is just what’s needed to improve the low moral caused by the cuts to public services.

“Could the Flames’ owners afford to replace the Saddledome without any taxpayer money? Yes, they could pay for the whole thing without putting a dent in their net worth. Will the city make back what it spends on this? Probably not, most arenas only end up spurring as much economic activity as a mid-sized department store and projections for this project specifically put us $47 million in the hole,” Mayor Nenshi said.

“But we believe charity isn’t about making money. Or making sure the people you’re giving money to actually need the money you’re giving them. It’s about giving. Lavishly.”

The city council is hoping that their example will inspire more Calgarians to give generously to other projects that desperately don’t need money, like the fund that helps oil industry CEOs buy third summer homes or the Calgary Zoo program that brings in exotic animals for local safaris.

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On 7/23/2019 at 2:58 PM, NewbieCanuckFan said:

Not really.  Taxpayers helping fund a private arena?  Welfare for Billionaires.

 

Canucks are likely the few (if any) NHL teams that built their arena themselves without "extorting" money from "Joe taxpayer".

 

At least the Edmonton subsidized arena helped revitalized that area.  The area in question in Calgary doesn't need such "revitalization". 

With the flames original plan it would have revitalized the west village from greyhound and car dealerships to something alot nicer.There was a greater cost and a better pay off with the west village plan.

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11 hours ago, Violator said:

With the flames original plan it would have revitalized the west village from greyhound and car dealerships to something alot nicer.There was a greater cost and a better pay off with the west village plan.

Yeah I just find the irony in THE province where the Conservative is too liberal for their taste to the point of having a farther right party (Wildrose/United Conservative party) in charge in support of using corporate welfare (billionaires no less) to help fund not just one but two arenas (Coilers & Flamers) where "liberal" is still a four letter word.

 

Edited by NewbieCanuckFan
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2 hours ago, NewbieCanuckFan said:

Yeah I just find the irony in THE province where the Conservative is too liberal for their taste to the point of having a farther right party (Wildrose/United Conservative party) in charge in support of using corporate welfare (billionaires no less) to help fund not just one but two arenas (Coilers & Flamers) where "liberal" is still a four letter word.

 

Both mayors are super liberal.while the construction companies are generally center right so that means they still get the contract and boost the cost.

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