Who should pay for new arenas in Canada has been a topic of much debate in Edmonton and Quebec City, where the desires of local hockey enthusiasts have clashed with fiscal conservatives. But the economic reality is that most cities need to subsidize construction to attract the NHL, according to a study. The study, from […]
Tag Archives | arena financing
NYTimes: Cities led astray by Global Entertainment
Several cities have been led astray by financial projections made by Global Entertainment in the course of funding and building new arenas — and now the cities are stuck with the unprofitable facilities, according to a long report in The New York Times. This story lays out how Global Entertainment pitched cities like Rio Rancho, […]
