The Bell centre lost value.

The home of the Montreal Canadiens, the Bell centre has lost near to the three quarter of his value according to an expert evaluator from the hockey club.

According to Benoit Egan, an expert evaluator for the Montreal Canadiens, the Bell centre opened on march 1996 at the cost of $240 Millions is now evaluated at as low as $60 Millions. That low evaluation is in cause in a trial between the city of Montreal and the club itself over the amount of taxes paid by the club to the city of Montreal.

The city of Montreal evaluated the building at $150 Millions between 2004 and 2006. The city asked the club the amount of $29.2 Millions in taxes during this period. The club is contesting this amount with their own building evaluation. Should the club win the pending cause, a tax return of around $12.2 Millions would be given back by the city.

A lot of money is involved so lets see how this story will devellop in the coming weeks.

(Picture: Bell centre, Canadian Press.)