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Bunk · 10-03-2013, 05:05 PM

I think James Maxim in 11 jumped the shark last night at the forum. Decided to pitch going ahead borrowing $5 billion to start building the rest of the LRT system now. It's that easy!

Interesting fact about borrowing money - you need money to pay it back. It's a tough sell to get a mortgage without income. He suggests we somehow "create" the financial means to pay it back.

http://metronews.ca/news/calgary/813...rt-system-now/

The path to building new LRT is a new long term, predictable, and adequate funding deal with the Province (rather than the current ad-hoc handouts and short term grants) and partnership with the Federal Government. If we knew we could count on a certain amount every year in perpetuity (or the Province gave the City their half of the property tax) then we could potentially take out that mortgage to get shovels in the ground.

10-03-2013, 05:05 PM	#497
Bunk Franchise Player Join Date: Jul 2006 Exp:	I think James Maxim in 11 jumped the shark last night at the forum. Decided to pitch going ahead borrowing $5 billion to start building the rest of the LRT system now. It's that easy! Interesting fact about borrowing money - you need money to pay it back. It's a tough sell to get a mortgage without income. He suggests we somehow "create" the financial means to pay it back. http://metronews.ca/news/calgary/813...rt-system-now/ The path to building new LRT is a new long term, predictable, and adequate funding deal with the Province (rather than the current ad-hoc handouts and short term grants) and partnership with the Federal Government. If we knew we could count on a certain amount every year in perpetuity (or the Province gave the City their half of the property tax) then we could potentially take out that mortgage to get shovels in the ground. __________________ Trust the snake. Last edited by Bunk; 10-03-2013 at 05:16 PM.