Quote:
Originally Posted by TorqueDog
That was a really interesting video. Makes me wonder what applying similar logic to Calgary would result in.
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It's directly applicable to Calgary. Calgary is basically the story of that city at the beginning of the video. Paying for existing liabilities with development fees and new taxes from new developments, which will have even bigger liabilities in the future. That system simply cannot continue. Nenshi understands that, the for profit development industry caring only about yearly returns could give a fig.