Quote:
Originally Posted by jc_yyc_ca
I answered yes, $200 million or less, and that includes not paying property taxes. They don't pay tax now, so I okay with none going forward.
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If you are saying $200M up front PLUS forgoing municipal taxes (so as to overburden small businesses and Calgarians the city over), that is actually support for $400M. The project including taxes that would need paying, would be about $750M in present dollars I'd fathom. I'm saying $200M city contribution against a full cost of $750M, which would include land, building, Saddledome demo, and municipal taxes). The owners (plus users for a portion) need to come up with the balance, and further, the city should not finance that user levy portion either. We need to see the cost as inclusive of all of these things: land + demo + construction + municipal taxes for the life of the building.
and just to clarify, the reason the Saddledome demo is part of this is that the Flames are demanding removal of the Saddledome else they'll walk. I actually think that is not fair and we should start a save the saddledome movement. It is not really competition anyway, as the flames have said no one will play there, so why are they worried?