[Bunk]

Originally Posted by GioforPM

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/

More accurate to call it an "increment" (as in Tax Increment Financing - TIF) above a frozen amount that continues to go to general revenue, than an "increase". This, of course, is how East Village improvements are financed. We were the first to do a TIF (Community Revitalization Levy - CRL in our nomenclature) in Canada. It's a very common tool in US cities.

I have little doubt the Flames will propose a CRL to help finance their project.