Quote:
Originally Posted by Slava
Why did Hodges skip the vote? This seems like a pretty significant vote to miss.
Anyway, at the risk of sounding like a broken record, I would like to know how much of the potential $500M is insured. I would hazard a guess that its more than the vast majority. Then you add in the provincial and federal funds and how much is left over?
I hate to agree with both Bell and DCU, but that money was never the cities money to begin with and should've been given back. The flood just provided a convenient excuse, but quite frankly this is very concerning because its tantamount to theft. The money was overpaid, and rather than do the right thing we have a group of politicians here who found a politically appealing way not to return it to its rightful owners.
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Its more than an excuse. If you truely believe it's an excuse to keep the money there's probably not much to debate with you. Between the start of the debate on this topic and now a massive disaster happened here, the biggest in the city's history and maybe the biggest in the history of the Country, the landscape has changed. The City alone has 1/4B and counting in damage, so they'd just ask for the money back next year and then some. Further, I can think of 1/2B to a B in future mitigation that could be evaluated that the province nor the feds have discusssed. Calgary has a ton of flood related expenses going forward, they'll rip through that 50M in a heartbeat.