July 25, 20186 yr comment_344347 So does this mean that all revenue generated that remains after football operation costs goes into the team's bank account/rainy day fund??
July 25, 20186 yr comment_344348 We all knew this day would come eventually. There's no way the Bombers could ever pay off the principal of that loan. The interest payments alone were enough.
July 25, 20186 yr comment_344351 5 minutes ago, Blueandgold said: We all knew this day would come eventually. There's no way the Bombers could ever pay off the principal of that loan. The interest payments alone were enough. did you read the article? The portion of the loan this is referring to is the portion that was supposed to be paid from property tax from development of the old stadium site. Not the portion the Bombers are paying and will continue to pay.
July 25, 20186 yr comment_344352 9 minutes ago, Booch said: So does this mean that all revenue generated that remains after football operation costs goes into the team's bank account/rainy day fund?? No. Bombers are still obligated to pay their debt
July 25, 20186 yr comment_344353 Just now, brett_c_b said: did you read the article? The portion of the loan this is referring to is the portion that was supposed to be paid from property tax from development of the old stadium site. Not the portion the Bombers are paying and will continue to pay. Nope twitter is blocked at work. With that being said, I stand by my statement. That Bomber debt will have to be "forgiven" eventually.
July 25, 20186 yr comment_344356 6 minutes ago, Blueandgold said: Nope twitter is blocked at work. With that being said, I stand by my statement. That Bomber debt will have to be "forgiven" eventually. I saw it was Brodbeck and almost didn't read it, so be glad twitter is blocked Edited July 25, 20186 yr by brett_c_b
July 25, 20186 yr comment_344367 43 minutes ago, Blueandgold said: Nope twitter is blocked at work. With that being said, I stand by my statement. That Bomber debt will have to be "forgiven" eventually. Ive advocated this for a long time. Broadbeck makes the point that its not a "public building" but its really a red herring anyway. Im not sure what benefit there would be to the public to have it owned by the province. The profit the team would generate without paying the debt would be tremendous and make them one of the wealthiest teams in the league. But since they have made their debt obligations, I suppose there is nothing wrong with continuing to insist they do so. At some point, the Bombers will have some down years and there will be a movement to have the debt wiped out I think. probably not for awhile though. If they ever discuss private ownership again, it would surely have to happen. Perhaps True North would add the Bombers & IGF to their portfolio without the debt.
July 25, 20186 yr comment_344399 I get that the city and province are overlapping but different tax bases. I do not feel like the money being paid from the province as opposed to city taxes on the redeveloped land are two sources of payments that are drastically different ends of the spectrum.
July 25, 20186 yr comment_344453 I’m not sure why it’s tragic that the province does not own the stadium. They don’t want to operate a stadium and honestly it’s almost more of a liability than an asset in terms of maintenance vs the actual value of it in terms of finances in the long run. That said, the province does have a huge say in Triple B and the Blue Bombers board. It’s actually a very good arms length kind of setup. IGF is most definitely a public building. Brodbeck is being obtuse. What does he want? To be able to walk his dog there whenever he wants?
July 25, 20186 yr comment_344465 Bombers still on the hook for their share. Thread title is very misleading.
July 25, 20186 yr comment_344467 3 hours ago, JuranBoldenRules said: I’m not sure why it’s tragic that the province does not own the stadium. They don’t want to operate a stadium and honestly it’s almost more of a liability than an asset in terms of maintenance vs the actual value of it in terms of finances in the long run. That said, the province does have a huge say in Triple B and the Blue Bombers board. It’s actually a very good arms length kind of setup. IGF is most definitely a public building. Brodbeck is being obtuse. What does he want? To be able to walk his dog there whenever he wants? Brodbeck is famous for his interpretations of reality and his history of trying to look informed and intelligent. He has failed at both.
July 26, 20186 yr comment_344537 19 hours ago, JuranBoldenRules said: I’m not sure why it’s tragic that the province does not own the stadium. They don’t want to operate a stadium and honestly it’s almost more of a liability than an asset in terms of maintenance vs the actual value of it in terms of finances in the long run. That said, the province does have a huge say in Triple B and the Blue Bombers board. It’s actually a very good arms length kind of setup. IGF is most definitely a public building. Brodbeck is being obtuse. What does he want? To be able to walk his dog there whenever he wants? Isnt the general formular for public ownership of sports buildings that they are "owned" but the "management" (ie. sports team owners) get a 100 year lease (or whatever) and retain all the revenue anyway? The public doesnt get anything but the retention of ownership puts them on the hook for capital expenses, no? The make up of Triple B probably provides more oversight and decision making than "owning" the stadium would. Its a silly argument designed to make people mad who dont really think about it. "We dont even own it!". Its not like Triple B is planning to sell the damn stadium. Its not even like the arena where the team ownership is very rich. The Bombers are not rich at all and have far fewer potential revenue streams. But if the public believes government should not invest in buildings such as this, then they essentially believe we should not have a world-class stadium at all. And you know what, add that to the ballot and we wouldn't.
July 26, 20186 yr comment_344551 Columnists like Brodbeck care less about accurate facts and more about manufacturing outrage.
July 27, 20186 yr comment_344691 54 minutes ago, SpeedFlex27 said: Wish they'd write off the Bomber portion of the debt. Hope the Bombers are buying lottery tickets. Cause that's 200m with interest right?
July 27, 20186 yr comment_344702 1 hour ago, FrostyWinnipeg said: Hope the Bombers are buying lottery tickets. Cause that's 200m with interest right? The Bombers portion of the debt was $85 million plus interest.
July 27, 20186 yr comment_344705 29 minutes ago, Jacquie said: The Bombers portion of the debt was $85 million plus interest. 85 mil +interest over 45 years = 175 mil. Hey I was pretty close to 200. Don't forget Lotto Max! Oh and source.
July 28, 20186 yr comment_345115 On 2018-07-25 at 9:24 AM, The Unknown Poster said: If they ever discuss private ownership again, it would surely have to happen. Perhaps True North would add the Bombers & IGF to their portfolio without the debt. This is a terrible idea, the Jets would absolutely let the Bombers wither and die as they are in direct competition with the Jets for entertainment revenue.
July 28, 20186 yr comment_345118 5 minutes ago, Eternal optimist said: This is a terrible idea, the Jets would absolutely let the Bombers wither and die as they are in direct competition with the Jets for entertainment revenue. They wouldn't be in competition if True North owned them. Your point doesn't really make any sense.
July 28, 20186 yr comment_345137 46 minutes ago, JuranBoldenRules said: They wouldn't be in competition if True North owned them. Your point doesn't really make any sense. You're right, Maple Leafs Entertainment (which also owns the Toronto Maple Leafs) has done wonders for the Argonauts franchise. They haven't neglected the Argonauts at all.
July 28, 20186 yr comment_345138 6 minutes ago, Eternal optimist said: You're right, Maple Leafs Entertainment (which also owns the Toronto Maple Leafs) has done wonders for the Argonauts franchise. They haven't neglected the Argonauts at all. In fairness, marketing the Argos in Toronto is like trying to sell snow shovels in Hawaii. Nobody wants them, nobody needs them.
July 28, 20186 yr comment_345140 2 minutes ago, WBBFanWest said: In fairness, marketing the Argos in Toronto is like trying to sell snow shovels in Hawaii. Nobody wants them, nobody needs them. Exactly - and MLSE has recognized that, and focused advertising towards more profitable revenue streams (like the Toronto Maple Leafs). As a private business, there isn't anything legally wrong with this, it just sucks for the Argos.
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