sprint center in 2013 was the 8th busiest arena in the us and netted $1.4M for the city before you subtract the $14m loss at p&l
we spent $225m on building it. so, only $223.6m left to recoup. 2013 was the first year sc turned a profit iirc.
That's 1.4 in profit. The SC debt is not being paid out of the profit-sharing agreement with AEG. that money goes straight into the City's bank account.
The SC is financed through airport/hotel fees and these financial projections are being met. The City is not subsidizing any SC shortfalls.
maybe before lecturing me on the financing on these projects, you should look up what the word "netted" means.
and then, when you're done, you can continue ignoring the fact that the arena will never pay for itself since the large majority of the proceeds go straight into AEG's pocket.
i mean, give me $225M, i'll give the city much more than $1.4M a year back, which they can go spend on more streetcars and stuff.