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Originally Posted by Loyal and True
Thanks for the links and I read them over. Some good points in these articles but far from suggesting like "governments should put in zero dollars to these stadiums because there is zero economic benefit"
Most of the examples are $500M to $1B deals which were sold to the public with exaggerated claims. It's not hard to agree that there is not enough marginal benefit to repay that cost. I think there is a lot to learn from the mistakes of other cities. Some of these are county governments that really got burned trying to draw development away from the big city.
Nothing in there to suggest $100M is a bad investment every 20 to 30 years
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^ This
You want to read a reportfull of those kind of exaggerated claims, read City Shaping. It tells how badly the half billion in Edmonton is needed to be the best investment ever for Edmonton taxpayers and the long term future of Edmonton.
Edit for link to City Shaping:
http://www.edmonton.ca/city_governme...haping_PDF.pdf