Quote:
Originally Posted by CaptainYooh
Not that I want to revive the Peace Bridge discussion - but that was a perfect illustration of the classic $25M inner-city subsidy: it is used primarily by inner-city residents and it is not a financial investment (there are no user fees and no expectation of returns). Proposed Central Public Library is another example. Note, I am not saying that either one of these public structures is bad for the City; but they are both used primarily by inner city residents while funded through property taxes paid by the entire city population.
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The only subsidies that matter are net subsidies. 'Taxpayer-funded' and 'subsidized' are different things. You can't use the terms interchangeably.