Gary Bettman’s push for public funds for Calgary Flames arena — for benefit of wealthy owners — displays next-level gumption | National Post

the city thinks it is gaining a valuable new asset and a few short years later it realizes it bought a lemon.But teams want new arenas because they provide many new revenue streams for the team in question: luxury suites, seat licenses, bars, shops, basically everywhere but the loo is set up to steer money toward ownership. If the public can help offset the initial investment in such a facility, all the better for the team. And, when the new building is completed, the value of the team is instantly much higher. That supplements the growth in franchise values that has already been driven by the huge jump in broadcasting fees.

Source: Gary Bettman’s push for public funds for Calgary Flames arena — for benefit of wealthy owners — displays next-level gumption | National Post

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