Quote:
Originally Posted by Corndogger
CalgaryNEXT is what this city needs. I'm not saying that the initial proposal was perfect but it was on the right track. The city should help fund the field house and area infrastructure upgrades while the Flames should pay for the arena and stadium in exchange for a major say in the development of the area. Done right this could be a major economic catalyst for the city which will provide us with longer-term substantial benefits than the Olympics would ever provide.
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Okay - so a subsidy of $1.4B is about 3.5X the municipal contribution as was required for the Olympics (which brought in $5B external funds). The no side estimated the Olympics would result in a $2000 per person tax hike, so this would be a hike of only $7000 per person. Bend over to get corndoggered, as the saying goes.
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