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Originally Posted by Loyal and True
Define affluent.
Calgary is a boom/bust economy which **currently** has a massive population and high income per capita. The 90s were not that long ago. People can move back to BC, SK, MB, Maritimes and US just as quickly as they got here.
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If the Alberta economy collapses to the extent that Calgary no longer home to a larger number of head offices than Winnipeg, and it loses 30 per cent of its population, the decision to spend $200 million of municipal tax dollars on a new arena will look like a blunder of highest magnitude.
Quote:
Originally Posted by Loyal and True
I can understand your suspicion towards extortion by billionaires. However in Calgary our owners have a long track record of community support in every way imaginable.
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So do billionaire oil barons who don't own the Flames. And for my part, I would rather have my elected representatives allocating $200 million in public finances to necessary long-term projects than leave that spending decision to billionaire philanthropists who, hover well-intentioned, have an entirely different agenda.