Quote:
Originally Posted by hulkrogan
Encana and Cenovus provide positive economic impact to the city and create jobs. Having a world class skyscraper like the Bow is important to the city.
The government should chip in for the Bow.
I don't get what part of the arena argument is unique that can be applied to any other building that any other business operates in.
Hockey is a sport that is shown to be economically self sufficient in Calgary. I'd rather the money go to sports/arts/music/museum facilities that can not exist without government funds yet provide positive impact on citizens of Calgary. I know it's all hard to measure, so please don't throw wrenches in my utopian line of thinking.
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For the most part - new commercial development pays property tax at a lower rate than existing property. They are also tax breaks given out for developing. They don't come around and drop off bags of money but there are government incentives to build/develop a business.