Quote:
Originally Posted by Bend it like Bourgeois
Kinda splitting hairs, no? Taxpayers are financing the east villiage TIF in hopes it will be paid back by future property taxes.
I can buy a car tomorrow and say it's my future job I hope to get that is going to pay for it, but it's still me making the payments and on the hook for the cost.
|
No, like I said, the city probobly already has the money due to Encana's new place being added to the TIF area.
I doubt CMLC would borrow from the general city funds to build the infrastructure, I'm sure they have some private loan for that.
Either way, Taxpayers aren't paying for the bridge. At the most, buying things from the companies that set up in the eat village in the future is the only way that "taxpayers" will pay for the second bridge.