Explain this one to me. Exactly how is Orca Bay hurting themselves by allowing 2 teams to use their building? If this is even an option, then there's no way there's an exclusive binding agreement between the owner of the building and the Canucks. They're allowed to do whatever they want with the building. What are the Canucks going to say "fine, we won't play there if you're going to let the WHA in." That leaves the Canucks without a building to play in. Sorry, but Orca Bay has all the power there.
As has already been said, the WHA does not plan to have a cap. Also, their plan is for 10 teams, not 8. Ricky Smith is an Ontario-based lumber mogul, not BC. And money doesn't seem to be an issue with this group. Reportedly they're going to offer Crosby $7mil. I pass no judgements on that.
Cities I've seen listed for possible WHA teams:
Quebec City, Hamilton, Indianapolis, New Orleans, Dallas, Las Vegas, Seattle, Portland, Vancouver. Atlantic City has been mentioned....