Quote:
Originally Posted by PeteMoss
The Saddledome and those events are already there. The new building will add those few events that may bypass Calgary because of the roof. So you are spending hundreds of millions of dollars of tax money for 3-4 events a year.
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You actually don't know how much public spending is going to be. It's only hundreds of millions of dollars if the city funds hundreds of millions of dollars.
It's possible the city could loan the money like the Province of Ontario did for the Canadian Tire Centre in Ottawa. Of note that loan was for less than $30 million, not hundreds of millions.
Which raises a question. If the Province of Ontario can loan $26.8 million for the Palladium/Corel Centre/ScotiaBank Place/Canadian Tire Centre then why does the City of Calgary have to fund $200 million plus?