Quote:
Originally Posted by getbak
Most of Edmonton's public money came from the city. Edmonton received no money from the federal government for the arena. It's my understanding that the money they're using from the Provincial government for their arena came from a fund that has already been used to fund other projects in Calgary. Also, the provincial government's contributions are only $25 million, which is a small fraction of the total cost.
There's no reason to assume that the Calgary city council will feel obligated to make the same dodgy deals with the Flames that Edmonton made with Katz.
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Most of the money comes from a CRL, which is approved by the province and funded by both a municipal tax increase and a provincial education tax increase.
http://speakupedmonton.ca/issues/details/crl
http://blog.mastermaq.ca/2010/12/14/...-introduction/