Quote:
Originally Posted by blueandgoldguy
The owner of the Saskatchewan Rush claimed he would invest $20 million? I think into a new arena. Of course, actually committing to it is another matter.
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That's not much.
Imagine a pricetag of $350 million. Let's say the SK government kicks in $100 million, which is beyond the $80 million it apparently limits itself to.
That leaves a shortfall of $250 million which will presumably be covered by the city and the teams. Let's say the proponents figure out a way to get $35 million from the feds.
So they're still $215 million short. Rush kick in $20 million (I assume to be recovered through a ticket levy?), I think the Blades would be in for at most half that, $10 million.
So assuming those best case scenarios work out, that still leaves $185 million outstanding and I'm not sure who would be able to pay for that besides the City of Saskatoon? That's a huge amount of money for a city that size. Especially considering that the arena doesn't solve a pressing critical issue of any kind. I mean, if SaskTel Centre had burned to the ground and Saskatoon was forced to replace it if it wanted to have an arena it would be one thing, but that isn't the case here.
I'm not saying it can't be done, but it's going to be a formidable challenge. That's a lot of debt being taken on to support this project.