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Originally Posted by Addick
Really? It will pay-off the initial infrastructure costs before this infrastructure will need to be replaced and still contribute enough in property taxes to cover their operating costs?
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Yes, absolutely. Good quality infrastructure can serve for many decades with proper maintenance. New subdivisions, with rare exceptions, take less than 15 years to get fully developed and start cashflowing back to the municipality.
Quote:
Originally Posted by Addick
Seeing as how my argument in support of the Peace Bridge wasn't based on it turning a profit I don't know. However, it will pay itself off before it needs to be refurbished. That being said, I do believe that the impact levies in the Core and river-side communities should have been at a level where the bridge would already be paid-off.
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Not sure what you mean there. How will Peace Bridge pay for itself unless the city start charging user fees for it?
We don't even need to use Peace Bridge, it's too easy of a target. Think of investment in Public Transit in Calgary. It has never been able to pay for itself (let alone be profitable) and was always subsidized. It will likely remain subsidized unless the rates start climbing.