Quote:
Originally Posted by valo403
But if the need for a new stadium is driven by ownerships need to have more control over income it should without a doubt be 100% privately funded.
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Yep. This isn't about parks and interchanges and bridges. It's about how much public money will go towards a privately-owned business in which the owners will collect all of the profits - a privately-owned business whose core customers come from among the top 5-10 per cent wealthiest people in the city. May as well talk about how much public money should go to the Southern family to pay for an expansion of Spruce Meadows.
And unless we get a tax hike along with the funding, the municipal money that goes to an arena will come out of somewhere else - LRT expansion, busing routes, snow removal, etc. Provincial money will come out of schools and hospitals (or towards racking up a higher debt).