Watching this CBC Video
https://www.youtube.com/watch?v=L0cAoWxQwGM
Winnipeg Population: 800K
Winnipeg Metro Population: 900K
By far the smallest market in the NHL
Chipman says it's good enough thanks to revenue sharing from the league, and the salary cap. Jets spend to the cap.
Provincial Property tax break: $576K
Business Tax Refund: $246K
Through the team, lotteries and ventures they collect $6.5M in entertainment taxes and $2.5M a year in gaming revenue.
What does Winnipeg get in return?
TNSE has made $1.6B in real estate investments in the downtown area since 2004.
It generates $616M in economic activity annually.
TNSE pays $133M in tax revenue annually.
Since 2011, the Jets have won more games than any other Canadian team, 516 wins.
None of the $83M in profits have been distributed to the owners. All profits have gone back into Canada Life Centre.
6 comments
True north deserves the shout out they get every game.
Jesus so it pays 133M in tax revenue annually but has only made 83M profit total since they’ve come to winnipeg…? or… annual?
Have we actually had the most Canadian wins since 2011? That’s badass!
Nice work OP. Can you clarify annual numbers and which are since return? For example, I know the downtown investments are since return, but I guess i assume the tax breaks and side revenue numbers are annual, correct?
> Since 2011, the Jets have won more games than any other Canadian team, 516 wins.
As soon as I pick this team to cheer for it goes on a tear.
Helle yah!
Plus the players pay taxes.