Barons, you cannot count the 25M Asper is dumping to build up the retail area.
I mean look at the land the Arena was built on, right now it's a vaccant lot and how much did it sell for?
It's the same property area but much smaller in size.
Ya, he is letting the Community owned the Stadium, what Stadiums in the CFL aren't City/Province owned? the Rogers center, that's all folks. Even Molsons in Montreal is owned by the gov(Universities are a government service as 50% of their funding is through taxes)
McFaddens NHL dreams do matter, because he is LYING! that is the main thing showing he wants successful sports in manitoba and he says he's done all this progress to make it happen, but why has he not talked to Asper? If Asper said he had talked to McFadden then ok.
What's this BS? He's even letting the Community own the stadium? Well he better, if he funds 1/3 of the stadium and he owned it I'd like to understand the logic there.
But while it's Community owned, Part of the Deal is a LONG TERM + CHEAP Lease. How can that not be factord in?
The BB are worth atleast 18M(3M bank account + 15M team worth atleast)
The land is worth 30M(Barren)
Meaning that's 48M, JUST to buy the Bombers and current Bombers land. No where in there is it included the new Stadium plan, and retail development has nothing to do with it either.
How is he putting up all the risk?
If his plan was to move forward it's not like construction starts before Fed/Prov funding is started.
It's a Risk to build Retail/offices on the most desirable land in Winnipeg?
It's a Risk to own the Bombers in a new Stadium that is sure to increase profits, as Fans can fit in their Seats, there are Luxury Boxes. Right there is atleast a 1.5M yearly Revenue difference, add in the 500-750K boost in revenues from TSN, Asper is making money off the team + the retail/offices.
1-2 concerts in the stadium he can make pretty good returns on his investment no?
1 grey cup atleast every 8 year?(should be a 5-6M profit with no need of temp Mass seating)
He was on the BoG just a few years ago was he not? so he knows what to do there, there is no risk of him being lost at the helm.
Yes he is putting up 40M, but the feds need to put up 40 and the Prov needs to put of 40.
that means tax payers are putting up 80M$ to lease out a stadium long term, sell a team(worth 18M+) and handover a 30M peice of land that's leased to a city owned body for 45 more years(is it?)
Does it seem like the Community is getting a solid return on their investment?
Now if it's a 50/50 split on Stadium financing(Asper 60M, Prov + Feds 60M)
And Asper doesn't get full ownership, allowing enough community ownership just to:
1.Prevent the team from moving/folding.
2.Take over should something happen to Asper.
Then it's a great deal.
Doer will be good with it.
Why does Doer need to support one of the 4 proposals you showed?
How many fans supported one of those 4?
Most fans/voters will go with one if it's the best option, not necessairly because they like it.
They'll look at it and go... I really hate this major part but other then that it's ok.
that could be location or Ownership or Stadium Design.
Let's go through the list:
1.Refurbishment - 25M$ investment so canad Inns stadium can last 10 more years.
2.Ex Grounds - Moving the team very far away from Downtown(20-30 mins?) completely against downtown revitalization.
3.Canad Inns - Biggest issue is stadium funding, the complete understand of where all that Money for the 265M$ stadium(public part of it) would be coming from.
Alot of Fans Anti-St.B
4.Handing the team over to David Asper because he offers up 40M$ so he gets a 30M$ peice of land + 18M$(or more) team.
Now I love Aspers Stadium and alot of his plan, but the 40M for Long term Lease of the land + Stadium + ownership of the team... Doesn't add up.
There are other ways around it, if the Stadium is Leased to Asper for 1M+ per year and he cannot move the team or fold the team for 50 years(moving could be within the City limits) and Can Never move the team out of Manitoba(saying perhaps he moves it to Ex grounds or some place like that)
Hey that works, he then has to pay the City a nice Chunk of Change yearly though.