Jets4Life
Registered User
I would not worry about the falling loonie too much. What i do worry about is if Canada has a housing crash, due to the oil/gas crisis in Alberta. One of the reasons David Thomson is part owner of the Jets, is he wanted to acquire land around the arena, which was dirt cheap, and build hotels, casinos, restaurants, etc.
It was a smart move, as Downtown Winnipeg is a cheap place to invest in, compared to most big cities in Canada. However, a housing slump would worry me, as Thomson would be less inclined on building more venues in the area. Whatever little money Thomson makes on the Jets, he is bound to make exponentially more on his real estate, so I just pray a housing crash can be avoided.
It was a smart move, as Downtown Winnipeg is a cheap place to invest in, compared to most big cities in Canada. However, a housing slump would worry me, as Thomson would be less inclined on building more venues in the area. Whatever little money Thomson makes on the Jets, he is bound to make exponentially more on his real estate, so I just pray a housing crash can be avoided.