Re: Wow - Coyotes sale is worse than I thought
posted at 6/1/2013 11:12 AM EDT
In response to red75's comment:
Short-term loans I don't have a problem with, as long as there is an aspect that is in the public's interest - for example the small (proportionally to the overall cost - I think it was $28 million) that was given by the city of Winnipeg and the Province of Manitoba to get the MTS Centre built. The loan has since been paid back with inflation adjustments - yes, the owners got a break on interest rates, but there no long term cost to the taxpayer since inflation was accounted for.
But beyond that? I think it's a waste of tax money. Glendale is one of the worst examples - paying someone to manage the Arena $15 million a year? And the managing company keeps any and all profit from the venue? That's nuts.
Doug McLean on Sportnet, ex-GM of the Blue Jacks, said that they paid a Management Fee of $230,000 to run the building in Colombus. True the Bluejacks had to pay the expenses, but that was the total Management fee, nothing even remotely close to the $15Mil.
I am against Taxpayers footing the bill for a bunch of Billionaire Owners, & Millionaire Atheletes, or Rock stars, or whatever attraction comes to town. The Glendale people have to make those decisions, and live with it. Unfotunately it does impact me, because my Town must give perks too, to stay competitive, so it pisses me off. Glendale is just the worst example of it happening with NHL connections. I am sure the people of Miami are upset about that new Stadium for the Marlins.
I say 'cut-bait' and move on from Phoenix. Like Atlanta, they tried, but for whatever reason it didn't work. I went to a game in Phoenix 10 years ago, in the old building, and the place was pretty full. Good crowd, but a horrible hockey game against Dallas. Then in all their infinite wisdom, they moved out to Glendale, and it DIED.
It's over. Move on.