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Originally Posted by seattleflamer
Sure it is a basic need but at risk of rehash, I'd argue in the hierarchy of finite public dollars, funding public housing comes before cultural institution like libraries or museums and certainly before a company worth hundreds of millions of dollars that is fully capable of self financing.
Also I'm assuming these land deals become Section 8 housing which are difficult to manage, have more regulation and less profitable for the owner assuming they have to stay on as landlords to get the full credit.
It is certainly less glamourous to deal with backed up toilets than with these state of the art arenas with Madonna or the Flames as your tenants.
....Then again it is the Oilers we're talking about.
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Section 8 is exactly the area I've worked in, an area in which literally billions of dollars were made by a former large corporate client. I don't think there's anything wrong with that, just pointing out that a lot of government programs are utilized by private entities to make a ton of money.