Quote:
Originally Posted by bomberjet
What would True North Centre cost today. $300 - $400mil for sure. What did the new ice palace in Edmonton cost, like $1 bil or something. Off topic but TNSE got extremely lucky purchasing the Thrashers for $100 whatever million and having a relatively cheap arena already built. It cost $1 billion plus for both Vegas and Seattle. Winnipeg is completely shut out of that market.
$61 mil is the going rate. Welcome to post pandemic economy. Things will level out in the next couple years. Wages will adjust. And it will all become relative again.
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Yeah, wow. When you put it in those terms... $133.5 million for rink (which was renovated at the cost of tens of millions of dollars for the NHL adding to the total cost, but still...) and $170 million for the franchise. So probably all in like $350 million for the team and renovated arena. Not a bad deal considering, as you point out, just the arena alone would cost more than that now.
The Jets have certainly helped the city's image but they've been a very tidy earner for their owners.