Patrick Laforge, Northlands, and the New Arena

Jonathan Willis
September 12 2009 12:48PM

Rexall

Just came across this rather fantastic quote from Patrick Laforge, the president of the Edmonton Oilers:

"We lost money last year.  We lost quite a bit of money. "I've said all along that we can't count on the largesse of the owner's Visa card to keep hockey in Edmonton, or in Calgary, and the building provides the sustainability model that you need through good times and bad."

That quote appears in today's Edmonton Journal.

Of course, threatening the future of the team in Edmonton was standard behaviour during the EIG years.  Daryl Katz and his group have, up until now, been pretty good about not holding the gun to the heads of hockey fans. 

Until, that is, Northlands chairman Andrew Huntley came out swinging.

It seems that Northlands - the non-profit organization which runs Rexall Place - wasn't consulted when Patrick Laforge held a press conference about the new arena the other day.  Laforge had made comments that were less than decided about Northlands future in regards to the new arena, and so Huntley explained the deal the Oilers currently get from Northlands:

Huntley says Northlands--and Alberta taxpayers--already provide handsome subsidies to the Oilers. Under terms of the team's current 10-year lease at Rexall, which expires in 2014, the Oilers pay a nominal rent of just $1 a year, and cover only a portion of the arena's related operating costs. The actual operating costs exceed the club's $878,166 annual contribution by more than $20,000 per home game, or upwards of$800,000 per year, he says. Recent multimillion-dollar upgrades to the dressing rooms at Rexall were funded through provincial grants. Meanwhile, the Oilers control all ancillary revenues, from food and beverage sales to signage and sponsorship income, plus all suite revenues for every event at Rexall Place.

But it seems that Laforge and the Oilers aren't content with the current deal.  The Oilers want all arena-related revenues to go into their pockets.  Laforge also implied that Northlands simply isn't a big enough fish to run the Oilers' new arena; this despite the fact that under their watch Rexall was named the 10th busiest arena in the world last year, and the 2nd busiest in Canada - behind only the Air Canada Centre.

I don't know what everyone else is going to make of this, but I don't see how Laforge and Co. can expect public money without having a public group run the arena; further, I don't see how Northlands has shown anything but remarkable ability in running the arena.

As it stands, if public money is going into the arena, Northlands should be running it.  Regardless of how often Laforge uses the future of the team as a hostage.

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Jonathan Willis is a freelance writer. He currently works for Oilers Nation, Sportsnet, the Edmonton Journal and Bleacher Report. He's co-written three books and worked for myriad websites, including Grantland, ESPN, The Score, and Hockey Prospectus. He was previously the founder and managing editor of Copper & Blue.
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#1 David S
September 12 2009, 03:40PM
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jeanshorts wrote:

True, but as was pointed out by Willis it is the second busiest arena in the country. And I’d wager that the large number of days it’s used helps to even out the smaller capacity.

All the revenue from these days goes to Northlands, not the Oilers. BTW - Northlands makes alot of profit for a "non-profit", due in no small part to government handouts. The same alleged handouts that people are so pissed the Oilers/Katz are asking for (and has yet to be actually proven).

Just so we're clear, Rexall was 100% financed using public funding. And Northlands owns Rexall.

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#2 namflashback
September 12 2009, 03:44PM
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JW,

The posturing by Rexall Sports is specifically designed to create the grounds for public money. If it is to be fully private, then a not-for-profit associated with the City should not run it. I've got no issue with that.

If Northlands should run it -- then public money should be in it.

Expect the news stories to come out now, about how Northlands (and City operating budgets) will be threatened if they don't operate the premier event facility in town.

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#3 Deep Oil
September 12 2009, 05:03PM
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Addendum - Northlands has concerts divert to Edmonton due to capital construction - infastructure issues at the Calgary Saddledome, which can't handle the weight. Northlands wins by default not by being a better organization.

Edmonton has a geographical advantage of acts touring Canada with a large stage. If a promoter is travelling either east or west, Rexall Place is a soft financial and geographical landing for a midweek concert, saving a better weekend date for Vancouver or Seattle. Why would some groups play in Saskatoon, Winnipeg, Edmonton, and avoid Calgary..... building roof issues.

So you can add on 30% - 40% increase in concert acts due to the plumb that the Calgary crushed beer can is not adaquate in terms of gear giving Edmonton more dates.

Also, maybe Rexall Sports is just fed up in dealing with Northlands incompetence, an organization that has publicly and privately lost board members and is literally an old mans club, desperately and actively seeking new volunteer board members Just visiting the other rinks, the free enterprise world class venues with multiple vendor options sourced from the outside, and Northlands continues to offer below average food, service and experience that cannot be blamed on the building, there is just NO competition in the area and the Saddledome Stampede group is cut from the same cloth. Any Oiler fan that visits an American rink will see capitalism and service at the forefront, rather than the agricultural societies response with a horse and buggy. The $15 buffet on a plastic plate downstairs in the club lounge is not something to be proud of, while very few people know of the upscale catering upstairs next to the suites prior to puck drop.

The press conference was an opportunity for Rexall Sports to poke it's head out with the vertical integration of Aquila (Metz) and it's new found confidence, would it not be great if the team had that swagger and find the winning formula on the ice after 3 years of failure with Lowe behind the signings, now reoved from these decisions.

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#4 Gerald R. Ford
September 12 2009, 12:58PM
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Yeah, that is:

a) shocking (losing "a lot" of money) b) dangerous ground for them to be treading on, politically speaking

I think it's also proof that there's little chance of the arena being in the 18,000 seat range, as many want to believe. Sounds like they definitely want to squeeze every last cent out of the place, so I wouldn't be surprised to see something approaching 20,000 seats.

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#5 Joey Moss
September 12 2009, 01:01PM
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This is really starting to stink. Laforge and circumventing best practices with city planning and public consultation and are now detailing exactly how much of a ride they are planning to take us on.

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#6 jeanshorts
September 12 2009, 01:19PM
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Well that rent price is pretty outrageous. Who can blame LaForge?

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#7 olderthendirt
September 12 2009, 01:32PM
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It's over Heatly is a shark, Schremp will play "Schremp Hockey" until he quits or moves to Europe. Now let's see some Oiler hockey (Quinn-Remmey style)

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#8 Kent
September 12 2009, 01:51PM
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I find it hard to believe the Oilers lost 'a lot' of money last year.

However, even if that's true, instead of trying to bilk tax dollars out of the public coffers, perhaps the Franchise could, you know, put together a competent squad and make it into the post season. I'm guessing that would go along way to filling some pockets without having to build a new $300M rink.

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#9 The Menace
September 12 2009, 01:57PM
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Is anyone really believing that the Oilers are losing money? With the Canadian dollar approaching parity, a packed building *every* night, all the concession revenues (parking too?), merchandising, very little rent ($1?), and some money from TV? With all that, are we really supposed to believe that the Oilers are couting on the largesse of Katz' VISA? Come on.

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#10 David S
September 12 2009, 02:13PM
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olderthendirt wrote:

Schremp will play “Schremp Hockey”

In the AHL that is.

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#11 Colin
September 12 2009, 02:15PM
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@ The Menace:

Yeah I call horse S**t on the losing money bit.

And IF it's true: ICE A BETTER TEAM!!(increased merchandise and playoff revenue) or stop spending to the cap.

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#12 Colin
September 12 2009, 02:17PM
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Wow Ottawa got fleeced, nowhere near as good a package as the Oil offered.

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#13 gongshow
September 12 2009, 02:37PM
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@ Colin:

BUT... He went to a team that HE wanted to go to.

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#14 West Coast Oil
September 12 2009, 02:49PM
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I'm choked that after all the crap Heatly gets his way.

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#15 Jimmy
September 12 2009, 02:51PM
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@ West Coast Oil: We can all sit back and laugh when he pulls a Hossa and scrambles for a cup-chasing team that will eventually choke and screw him over.

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#16 Jonathan Willis
September 12 2009, 02:53PM
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Yep, everyone wins but Ottawa (well, and Edmonton).

I'm not sure this will be in Heatley's interest long term, though.

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#17 GLoKz0r
September 12 2009, 03:07PM
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You have got to be kidding me... How could the Oil POSSIBLY lose money? How many consecutive sell outs have they had now? Can someone please explain this to me? Something just simply isn't adding up here...

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#18 Dallas
September 12 2009, 03:13PM
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Ya that's THE only thing that pisses me off is Dany the douche Heatley the baby whiner gets his own way Damnit

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#19 BUCK75
September 12 2009, 03:19PM
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I call BS too. I just gave them just about $6000 for my seats (guess that's why the prices went up). There are 7-8000 other people (assuming ppl buy in pairs like me) that paid for their seats on the 2nd.

100+ straight sellouts, ++++++++ every other perk they get out of the rink.

Something stinks here. Put a better team on the ice & DON'T spend to the cap then.

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#20 Sandra
September 12 2009, 03:21PM
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The Menace wrote:

Is anyone really believing that the Oilers are losing money? With the Canadian dollar approaching parity, a packed building *every* night, all the concession revenues (parking too?), merchandising, very little rent ($1?), and some money from TV? With all that, are we really supposed to believe that the Oilers are couting on the largesse of Katz’ VISA? Come on.

Well the Oilers do have to pay Horcoff, MacT, Scott, Lowe,and Laforge, who used to like his Big Bears', by the train station, for doing nothing this year, expect the Oilers to do more whinning. Have another 26 Patty! you forgot where you came from.

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#21 Adam Dyck
September 12 2009, 03:22PM
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It's worth noting that RX1 IS a fairly small arena. 16000 people a night simply isn't going to make as much as 20 000.

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#22 Ogden Brother
September 12 2009, 03:23PM
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If the Oilers are losing Money, the league might as well fold up shop.

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#23 jeanshorts
September 12 2009, 03:29PM
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Adam Dyck wrote:

It’s worth noting that RX1 IS a fairly small arena. 16000 people a night simply isn’t going to make as much as 20 000.

True, but as was pointed out by Willis it is the second busiest arena in the country. And I'd wager that the large number of days it's used helps to even out the smaller capacity. But yeah, if they could add another 3000 seats or so that would definitely help.

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#24 Adilaroo
September 12 2009, 03:32PM
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"Oilers losing money" = handout for new arena for one of the richest men in Canada.

Northlands has one of the best run organizations in the world and it's non-profit to boot but Laforge is already spreading the referendum propaganda.

Hearing Lowe on Stauffer's show on Friday reminded me that with his genius at the helm we are doomed to be in the middle bottom of the league for years to come. Hearing Tambellini later in the day talking about spending to the cap... for what? For an overpaid bunch of underperformers that Kevin Lowe is responsible for drafting and signing.

Sadly it looks like Edmontonians are stuck with him. I'd like to expect the unexpected and have Lowe booted out.

With a fanboy for an owner, this team aint going nowhere fast.

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#25 Travis Dakin
September 12 2009, 03:43PM
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jeanshorts wrote:

True, but as was pointed out by Willis it is the second busiest arena in the country. And I’d wager that the large number of days it’s used helps to even out the smaller capacity.

That's like saying if you do it a lot but only last a few seconds each time it would be the same as getting the job done in one really long session. No man, get it done right each time by going big. haha does that even make sense? I guess the message is that it's not about how many times it is used, it's about how it is used each time. Although, the score sheet doesn't say how it was scored only that you scored. so in that case, quantity is far more important than quality. Although if you went big every time and stil racked up the quantity, well then you are a god. What the hell am I talking about?

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#26 Jonathan Willis
September 12 2009, 03:48PM
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@ namflashback:

I agree.

If there's public money involved, Northlands should run it.

If Katz and the Oilers want to own it, they should pay for it.

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#27 jeanshorts
September 12 2009, 03:50PM
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@ Travis Dakin:

haha I have no idea what that means, but I like the way that ended. At the end of the day I'm a grower not a shower. So, wait, uhh.....wait the Oilers losing money?

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#28 Travis Dakin
September 12 2009, 03:51PM
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jeanshorts wrote:

At the end of the day I’m a grower not a shower.

I'm like a Jack in the box. SURPRISE!!! haha

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#29 oilersseasonticketholdersince99
September 12 2009, 04:06PM
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There is only one word that I can think of for Laforge telling everyone that the Oilers lost money GREED! It did not work for puck and it will not work for Katz.You would think that Katz looked at the books before buying the team for $220 million. now lets stop with the BS and tell everyone the truth that the Oilers want public money and they want to go solo on this arena instead of trying to feed us a bunch of BS.

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#30 Ogden Brother
September 12 2009, 04:09PM
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Sandra wrote:

The Menace wrote: Is anyone really believing that the Oilers are losing money? With the Canadian dollar approaching parity, a packed building *every* night, all the concession revenues (parking too?), merchandising, very little rent ($1?), and some money from TV? With all that, are we really supposed to believe that the Oilers are couting on the largesse of Katz’ VISA? Come on. Well the Oilers do have to pay Horcoff, MacT, Scott, Lowe,and Laforge, who used to like his Big Bears’, by the train station, for doing nothing this year, expect the Oilers to do more whinning. Have another 26 Patty! you forgot where you came from.

What insight, the team "lost money" because it has to pay it's people...

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#31 gdawg
September 12 2009, 04:55PM
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Now instead of focusing on the team and how its doing now the city gets a gun put to its head again. Wonder if the miracle worker Bettman will have a spin on this.

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#32 Sandra
September 12 2009, 04:58PM
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Ogden Brother wrote:

Sandra wrote: The Menace wrote: Is anyone really believing that the Oilers are losing money? With the Canadian dollar approaching parity, a packed building *every* night, all the concession revenues (parking too?), merchandising, very little rent ($1?), and some money from TV? With all that, are we really supposed to believe that the Oilers are couting on the largesse of Katz’ VISA? Come on. Well the Oilers do have to pay Horcoff, MacT, Scott, Lowe,and Laforge, who used to like his Big Bears’, by the train station, for doing nothing this year, expect the Oilers to do more whinning. Have another 26 Patty! you forgot where you came from. What insight, the team “lost money” because it has to pay it’s people…

yes it has to OVER PAY it's people

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#33 Deep Oil
September 12 2009, 05:09PM
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Sandra wrote:

Ogden Brother wrote: Sandra wrote: The Menace wrote: Is anyone really believing that the Oilers are losing money? With the Canadian dollar approaching parity, a packed building *every* night, all the concession revenues (parking too?), merchandising, very little rent ($1?), and some money from TV? With all that, are we really supposed to believe that the Oilers are couting on the largesse of Katz’ VISA? Come on. Well the Oilers do have to pay Horcoff, MacT, Scott, Lowe,and Laforge, who used to like his Big Bears’, by the train station, for doing nothing this year, expect the Oilers to do more whinning. Have another 26 Patty! you forgot where you came from. What insight, the team “lost money” because it has to pay it’s people… yes it has to OVER PAY it’s people

Lowe overpaid these people after cup run anxiety and still had the error / issues to keep it up and handicap the team financially within the CBA.

Pisani - LTIR - on fire during the playoffs like leafs Bohonos many years ago.....then cooled off to minors.

Rolloson - (barely an issue)

Souray - $1mm more than Habs

Horcoff - Katz friendship fund

Nillson - Professor MacTavish called him out

Penner - Burke was right - play the Stauffer tape.

Khabibulin - long term this is a risk

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#34 Adam Dyck
September 12 2009, 05:53PM
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@ jeanshorts: They're busy with concerts, etc, but they aren't even in the top five for annual hockey ticket sales, and it's not because there isn't a market.

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#35 KZ
September 12 2009, 07:15PM
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Deep Oil wrote:

Any Oiler fan that visits an American rink will see capitalism and service at the forefront, rather than the agricultural societies response with a horse and buggy.

When you've got the population of a larger city and the workforce that has to compete for service industry jobs, like concession stands, then yes, you'll get that quality of service.

Here, you can run down the street and get a 20/hr job at Oilco. inc.

PS: Ever see a rigger try to give you customer service? At least Northlands staff are better then those scumbags

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#36 Deep Oil
September 12 2009, 07:32PM
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Under the Pocklington regime, Puck DID control all the concerts..... called CMI, a property of value (Coliseum Management Inc) that EIG just gave back to Northlands and said "no thanks"..... so is history just repeating itself.... old news, same old, same old with Northlands having to wake up and look at their balance sheet, when the old barn's lights are turned out.

Rexall Sports wants to compete with the Northlands and EDE on conventions, this is a direct attack on the new expansion of Revolution 09, paid for by the tazpayers of Alberta, better value at Northlands than at the museum or art gallery - where no public input was acquired or cared for..... Stephen Mandel was pleased.

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#37 Ogden Brother
September 12 2009, 07:36PM
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Sandra wrote:

Ogden Brother wrote: Sandra wrote: The Menace wrote: Is anyone really believing that the Oilers are losing money? With the Canadian dollar approaching parity, a packed building *every* night, all the concession revenues (parking too?), merchandising, very little rent ($1?), and some money from TV? With all that, are we really supposed to believe that the Oilers are couting on the largesse of Katz’ VISA? Come on. Well the Oilers do have to pay Horcoff, MacT, Scott, Lowe,and Laforge, who used to like his Big Bears’, by the train station, for doing nothing this year, expect the Oilers to do more whinning. Have another 26 Patty! you forgot where you came from. What insight, the team “lost money” because it has to pay it’s people… yes it has to OVER PAY it’s people

Your reach to insult the franchise is ridiculous. the 5-6 million that they paid to Horc/MacT/Lowe last year is peanuts compared to the overal team budget.

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#38 Deke Rivers
September 12 2009, 07:38PM
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@ Deep Oil: previuos statement is partially correct. Events come to Edmonton because promoters make more money. Merchandise sales, tickets, etc are consistently in the top tier in north America. Edmonton has always outdrawn Calgary for concerts, etc. The fact the saddledome wasn't designed properly doesn't preclude Edmonton from being a premier concert and event destination. The same goes for exhibition space, the new expo centre gives Edmonton the largest convention/exhibition space outside of Toronto.

However, Northlands success has more to do with Edmontonians than it does with Northlands management. The risk of any public entity operating a service oriented facklity is that they don't understand customer service. Don Metz and the Oilers might put on a good show, but the food and services at Rexall suck. I'm spending 10k a year on season tickets all I won't is a decent meal. The second option, the City, is an even worse option as any one whohas frequented any city facility can attest.

How do we get a world class facility and protect the publics interest. Right now neither Northlands or the City is a great operational option.

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#39 Deep Oil
September 12 2009, 07:43PM
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KZ wrote:

Deep Oil wrote: Any Oiler fan that visits an American rink will see capitalism and service at the forefront, rather than the agricultural societies response with a horse and buggy. When you’ve got the population of a larger city and the workforce that has to compete for service industry jobs, like concession stands, then yes, you’ll get that quality of service. Here, you can run down the street and get a 20/hr job at Oilco. inc. PS: Ever see a rigger try to give you customer service? At least Northlands staff are better then those scumbags

Two counterpoints....... concession vs high end food which is almost non existent in the building....

1) Bartenders and waitresses (service)are Northlands SHHOULD make more than $20 per hour with gratuity, this is great part time coin for the young at heart.

2) Service is not the issue, it is the product, for example when you had the brier at the rink, NO TIMS. We have Boston Pizza and Cheemo's instead of a more diverse offerring - small town vs big town.

Paying $4.00 per unit for cold generic fries, onion rings and so on is so disappointing vs world wide brands at other rinks, combined with healthy eating choices.

Enough said - Northlands consistently fails on both value and service (long lines during internissions) that are unacceptable in comparison to other rinks.

It took Dominion Sport Service YEARS to come up with a PREMIUM bar in the club lounge, forcing WELL liquors such as Wisers instead of Gibsons or Crown, perfect example for CLUB members - where you could GUZZLE these brands in the private suites - NO CHEAP BOOZE THERE....

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#40 Deep Oil
September 12 2009, 08:07PM
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Deke Rivers wrote:

@ Deep Oil: previuos statement is partially correct. Events come to Edmonton because promoters make more money. Merchandise sales, tickets, etc are consistently in the top tier in north America. Edmonton has always outdrawn Calgary for concerts, etc. The fact the saddledome wasn’t designed properly doesn’t preclude Edmonton from being a premier concert and event destination. The same goes for exhibition space, the new expo centre gives Edmonton the largest convention/exhibition space outside of Toronto. However, Northlands success has more to do with Edmontonians than it does with Northlands management. The risk of any public entity operating a service oriented facklity is that they don’t understand customer service. Don Metz and the Oilers might put on a good show, but the food and services at Rexall suck. I’m spending 10k a year on season tickets all I won’t is a decent meal. The second option, the City, is an even worse option as any one whohas frequented any city facility can attest. How do we get a world class facility and protect the publics interest. Right now neither Northlands or the City is a great operational option.

Province paid for all expansion on Northlands property called Revolution 09 - competing with the city of Edmonton EDE, downtown.

As per avoiding the city and Northlands....

TIF (taxes), PSL(personal seat license), AEG (KINGS Anschultz) instead of Northlands, Casino Funds - allow the Baccarat Entity to raise funds directly for the public good, this would require provincial legislation changes, in the end this would be a P3, with new taxes in the development supporting the capital infastructure costs. In the end, sell the building to Katz after 20 years for 10% on the original investment, as a end run to have an exit strategy - the more the city is involved, more inefficient it will be.

Wouldn't it be great to world class fast food and high end food in a enjoyable atmosphere, rather than a cattle call....... instead of cold, unappealing food.

1) Tim Hortons - Wendy's 2) McDonald's 3) Wolfgang Puck 4) Fox Sports Bar - maybe a Hudson's 5) Botson Pizza - yes already there 6) Earls, Joeys OPM Express 7) Jimmy Buffet Margueritaville 8) Century Grill Group 9) Dominion Sports Service - Mainstream Popcorn, Soda and Booze

This is the vision for 2014 inside and outside the rink, similar to Westgate in Glendale. An entertainment district......

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#41 Harlie
September 12 2009, 08:34PM
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so who's responsible for the sh!tty ice at Rexall? Katz or Northlands?

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#42 Maverick
September 12 2009, 08:40PM
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What I think is really funny.... the land that is there now is generating how much in taxes for the City of Edmonton?? Not very much. But put an arena, a bigger casino, apartments, shops, and restaruants all places of business that MUST pay taxes to the City of Edmonton. So let's use some 'fake' numbers to paint a picture - money generated at present = $10,000 a year. After the 'Rexall Development Project' of arena, apartments, casino, business shops, etc... = $10,000,000 in taxes a year. So if 100 million in tax payers money is used in 10 years that money is paid back and then after 10 years its all 'gravy' for the City of Edmonton. HMM.... so tell me again why people are against this project of using public money? Looks like an easy money/economic decision to me. If Northlands runs it or someone else, I still think it is a good value for the City.

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#43 Deep Oil
September 12 2009, 08:44PM
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Harlie wrote:

so who’s responsible for the sh!tty ice at Rexall? Katz or Northlands?

Northlands refused to listen to their Edmonton consultant (southside water treatment company), lost Dan Craig to the NHL, and refused / could not upgrade the aging ice plant.

In addition, the number of events at Northlands went through the roof, creating stress on the ice itself, with no permanent practise facility for the Oil - off site.

Net result - average ice.

But it is better than Anaheim, that has glass entry doors to the arena, allowing humidty to DIRECTLY enter the building with no control zone - very stupid design expecially in April when it is 80F outside.

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#44 Clarkenstein
September 12 2009, 10:08PM
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LaForge you are so full of $h1t you're eyes are brown. You are beer salesman huckster... nothing more, nothing less. For one of the richest people in the nation to pick this bozo as a spokesman is the height of stupidity. Your stupid comment about the Pittsburgh/casino situation being the model was off the charts. Do your homework next time before you stick your foot in your mouth. This dolt is the equivalent of a Dustin Penner... off ice version. We watch you walk around the concourse like YOU own the team. We laugh at you and shake our head. You are lucky you even have a job. The rumour was Katz was going to whack you when he took over. He will live to regret that decision.

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#45 Jonathan Willis
September 12 2009, 11:35PM
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@ Maverick:

To prove your economic point, you use "fake" numbers. I'm guessing that's why.

If you assume that the tax revenue is going to increase by a factor of 1000, I suppose you can make anything seem plausible. Without knowing real costs and benefits though, it seems silly to say 'hey, this is a no-brainer'.

Particularly since you didn't bother calculating what the cost would be of abandoning Rexall and losing that tax revenue.

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#46 druds
September 13 2009, 12:12AM
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Time for the secret old men of Northlands to go away... and Im surprised Willis is in man-love wih those asses. Maybe his dad is one of the shareholders. All I know is I am tired of these quasi-secret old boys clubs. If Katz can build a big modern arena then let him do it what is Northlands bringing to the table?...not money...oh yeah their crappy food and ice plant. Oh yeah they run things well down there at the RExall place.

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#47 Pouzar
September 13 2009, 01:05AM
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On a Detroit sports website last month the profit numbers were shown for all 30 NHL teams for last season, as agreed upon by the NHL and NHLPA when determining HRR for the year. They come from an NHL database, I will try to find a link. Anyways, it showed the Oilers lost 10 million bucks last year. Interestingly, Nashville, Florida, and Atlanta were all more profitable - mostly due to considerable revenue sharing. It also showed that Ottawa lost 22 million last year, trumped only by Phoenix who lost 30+ million last year.

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#48 Zamboni Driver
September 13 2009, 01:29AM
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How in the world could these bozos find a way to lose money? Other than, you know, paying Horcoff a bajillion dollars to take faceoffs?

Laforge is a tool.

It's amazing how much the 'good guy' he comes off in person - when in real life in his office he's a complete psycho. No clue what qualifications he has for his job....

irrespective of that, IF they lost money, the fact that Kevin Lowe still has a job is ludicrous.

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#49 Deep Oil
September 13 2009, 08:32AM
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Pouzar wrote:

On a Detroit sports website last month the profit numbers were shown for all 30 NHL teams for last season, as agreed upon by the NHL and NHLPA when determining HRR for the year. They come from an NHL database, I will try to find a link. Anyways, it showed the Oilers lost 10 million bucks last year. Interestingly, Nashville, Florida, and Atlanta were all more profitable – mostly due to considerable revenue sharing. It also showed that Ottawa lost 22 million last year, trumped only by Phoenix who lost 30+ million last year.

How does PHX qualify for revenue sharing, when they are in a major tv market, disqualifying them from this program. Does the NHL just turn a blind eye due to losses and dip into this program, and prop them up during this drop your shorts in public courtroom battle.

Great Link on revenue sharing http://hfboards.com/showthread.php?t=162356

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#50 john
September 13 2009, 11:27AM
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@ Deep Oil: This is not difficult to understand.

A private operator wants to build a private facility BUT wants it to be built with public money. That is PLEASE GIVE ME $400 Million dollars and I will turn my drug company into a top notch entertainment entity. Oh, by the way....Rexall is terrible at acting as our landlord and as the concert/event promoter notwithstanding being #10 in the WORLDto date. Not sure when your rent is already subsidized to the tune of $2 million dollars..... looks kinda ridiculous to slag an entity that so far as done a very good job running Rexall

The other hilarious statement made by Laforge is that the Oilers are losing money. They are not. So quit trying to blow smoke up our butt.

Simply taking 16500 sets and multiplying that paid attendance by $100.00 average ticket price, the Oilers have ticket revenue of $72,000,000.That does not include the Oilers broadcast revenue, radio, board advertising, jersey sales etc. They would not have a total 50 man roster payroll of $62,000,000. So my guess is they are making $20 million profit

Oh yeah, if Katz tries the old build me a new arena or I will move the team.......... I know where we could buy a very good young team with no horrible contracts for $140,000,000 LMAO

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