Quote:
Originally Posted by valo403
I almost fell over laughing when I saw that you included this in a post that derides government subsidies that benefit private owners. As someone who has worked in low income housing tax credits I can assure that there are plenty of private owners making millions hand over fist in the land development tax credit game.
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Sure credits may not be the best example, it could be deferred development charges should the city prioritize the redevelopment in an area. It could be that the city steps up and pays for better transit access to that area. My point, which was lost in the weeds, is that the presence of an arena is certainly not the key ingredient to incentivize urban revitalization.