Defending what? Failure would be what happened if the owner of an arena not yet paid for built another one, the debt would destroy the sens, the new building would make the old arena extreamly useless and it would be absolute stupidity.
There is no upside to taking on another 500 million in debt. Let’s say it made another 20 million a year, zero chance of that but even so, what kind of interest payments would that be? Even at a crazy low rate of 3% that 15 million a year in interest.
I don’t see that as good or profitable. Even a rink paid for in cash, and a reasonable increase of 10 million a year, 50 years to break even. Lol.
Sooo smart
EM the mad rink builder, in the same city... duhhh That would be legendary stupidity