Kukla's Korner Hockey
by Paul on 01/20/08 at 12:09 PM ET
from the Edmonton Journal,
After a long period of economic dark days, Canadian NHL franchises are suddenly a hot commodity.
So what has changed?
Owners, academics, business journalists and financial experts say a number of factors have combined to make Canadian teams a better risk—namely the strong Canadian currency, the financial stability brought about by the 2005 collective bargaining agreement (CBA) between the players union and the league and, finally, a new kind of development model for NHL arenas that is seeing them built not as lonesome, stand-alone structures but as catalysts for larger commercial and residential developments in city cores.
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