Quote:
Originally Posted by CliffFletcher
Did you read the article? The city would get much more tax revenues if the West Village is developed as a residential and commercial zone with 12,000 residents, than they would from a hockey arena.
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I was just responding to Tinordi's simplistic example. The city might get more tax dollars by doing a sale to other interests, but what potential spin off revenues are being missed from not having those facilities downtown. The opportunity to have those facilities in the downtown core are massive for potential convention and other event traffic. Facilities like those discussed are much more important to rejuvenating the downtown area than more high priced condos. I think long term growth and tax revenues is greater when you consider the spin off opportunities and impact on he surrounding businesses.