[darwink]

CSEC wants all the perks of owning a building, with none of the responsiblities of actually owninig it.

Yeah, they want the head lease. The Flames currently have a headlease (was advantageous for the City which was loosing money running the Saddledome). The Arizona Coyotes lack this, and have a competing arena where the Pheonix Suns have a headlease (and the arena is in a much better location!). Nashville has the headlease. Difference between success and failure.

 

[darwink]

They wouldn't be responsible for maintenance or upgrades

Headleases usually leave upgrades in the handsz of the lease holder - they can do leasehold improvements. Same with non-structural maintenance.

 

[Mountain Man]

In a headlease, who gets the revenue from things like parking and concerts?

 

[haltcatchfire]

In a headlease, who gets the revenue from things like parking and concerts?

There’d be a lengthy negotiation by lots of internal staff and lawyers and then the media would claim it was done over Twitter between Edwards & Gondek.

 

[darwink]

In a headlease, who gets the revenue from things like parking and concerts?

Concerts - the entity that owns the head lease. Parking, it depends. In the Calgary deal, CSEC negoatiated for parking revenue uplift from the Stampede (i.e. the arena will raise parking revenues, so the Stampede should share some of it with CSEC). In Seattle, it was similar with the lease holders of Climate Pledge, and the Seattle Centre (their wider site operator)/City of Seattle.

 

[JonnyCanuck]

The source (Corbella) aside, this apparently took plan in last week's city council meeting.

MSN

www.msn.com

"There was one very good thing that came out of the closed-door meeting Wednesday night that was confirmed by more than one source, and that is that the mayor is not to have anything to do with negotiating the next deal with CSEC.

And all the people said: “Yes!”

 

[haltcatchfire]

Things that never happened for $500

https://twitter.com/x/status/1482031287141421058

https://twitter.com/x/status/1482125964892983296

 

[Mountain Man]

Fuck Corbella, mindless UCP and CSEC mouthpiece. As if Gondek would even have the power to unilaterally negotiate a deal. How much money is CSEC giving Postmedia for all the fluff pieces?

 

[haltcatchfire]

Leftie

That’s what you’re going with for a first post?

 

[haltcatchfire]

You're right. For clowns like him and you, there should be no acknowledgement.

Bye Licia.

 

[Duck Lightning]

You're right. For clowns like him and you, there should be no acknowledgement.

Keep that shit off this site Junior. Come back when your ready to converse like an adult.

 

[rkarsk]

Leftie

The mental gymnastics it must take for a (presumed) fiscal conservative calling those opposing corporate welfare "leftie clowns"...

One can reasonably argue that the arena warrants public investment and that the investment may be worth the payoff, but one cannot reasonably argue that doing so is consistent with traditional conservative free market principles.

 

[haltcatchfire]

RIP Junior. Taken from us way too soon. We’ll all remember the good times. Hope your spirit lives on in eternity…at SkyscraperPage.

 

[MissingMiddle]

Having digressed, we've concluded the Flames aren't realistically going anywhere. Anyone want to place any bets on when they come to a new agreement?

My initial guess is June 15th, enough time to "focus on the post-season," then subsequentially realize they've already milked the tax payers for everything they can.

 

[Mountain Man]

I think it will be when we see stabilization in supply chains and therefore costs.