Quote:
Originally Posted by ardecila
Not quite sure I understand this part, will have to watch the video:
"The state financing is solely to provide a revenue stream for the state. One Central will begin construction, even without state funds"
|
My wording was kinda confusing. Essentially, the state funds will be used to buy the transit hub from the developers. The transit hub + retail is expected to be profitable, so the developers are pitching the hub as a revenue stream for the state.
This still doesn't explain why One Central is continuing the partnership if they already have private financing.