Since 2011, the Bell Centre’s municipal assessment has decreased by approximately 40%.

The Bell Centre’s value declines year after year.

In 2019, we learned that the Centre Bell was valued at $167.1 million (according to the Journal de Montréal)… Whereas in 2011, the building was valued at $256 million.

The monetary difference is quite noticeable.

Philippe Teisceira-Lessard, journalist for La Presse, published in a recent article that according to the City of Montreal, the Centre Bell is now worth $150 million. Property taxes have therefore fallen:

At the same time, its property taxes have dropped from $10.8 million to $5.3 million over the same period (2011 to 2023). – Philippe Teisceira-Lessard

It’s interesting to note that, unlike the Centre Bell, the value of some of Montreal’s larger venues has increased.

By way of comparison, Place des Arts was worth $283 million in 2021 (it was $236 million in 2018), Théâtre St-Denis went from $7.1 million to $8.5 million and MTelus from $4.4 million to $5.2 million.

All Montrealers are going to face significant tax increases, by the way: a property tax hike of 4.9% for the residential sector and 4.6% for the non-residential sector is planned, as announced by the Plante administration’s head of finance, Benoit Dorais, about two weeks ago (November 15).

But even though property taxes at the Bell Centre, which is owned by Groupe CH, continue to fall… ticket prices (and food prices) for Canadiens games are not going down.

Quite the contrary, in fact. Prices are crazier than ever, and in a context where the team doesn’t have much to offer in the way of on-ice entertainment, many see the price increase as a real problem.

That’s more money in Geoff Molson’s pocket at the end of the day.

More

– Well done.

– Promising!

– He’s doing well.

– It’s going to get tougher over the next few weeks.