Quote:
Originally Posted by CaptainYooh
Now, getting into the very hypothetical area of this debate: the City is trying to get into a zero-cost approach to new growth funding (or 100% cost recovery, whichever way one likes to look at it) . It can get away with it when the times are good, both politically and economically. The biggest risk comes when times are bad and all development stops, which is exactly when a municipality would face a double whammy – no established funding-in-place for the new infrastructure and no ability to raise the tax base to avoid stagnation.
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A pyramid scheme works well when you are growing the pyramid.
