Quote:
Originally Posted by Fusebox
I hope they vote it down again. The longer they wait, the better deal they will get. Can you imagine if they had made this deal fifteen years ago when land in this city was dirt cheap? They would be kicking themselves now.
I'd like to see them develop their own toll road that runs through their land. They'd get to keep their land, and would make a tonne of money off tolls. They'd also have the option of shutting down the road at any time and doing other things with their land if they so choose.
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They don't have the financial capital to build such a road themselves. Tolls would never fully pay for the road either. It would probably take 30 years just to collect the cost of the road, without interest on borrowing money to build the road.
They are never going to get a significantly better deal than what is being offered now. Include opportunity cost, and there is no doubt that the best deal they can get is the deal before them now, IMO.
Assuming it's mostly a more guaranteed version of the 2009 agreement, the band would get tens of thousands of Calgarians coming to their doorstep every day, plus enough money to have a great start on developing land around the road for lease.