Quote:
Originally Posted by Tinordi
It is not reasonable to transfer significant value in "free" land without getting serious equity in the project.
Would you give me your house if I promised to really fix it up, subdivide it and then run a successful business out of it and sell the new lots?
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Well that's just a silly analogy. There are other benefits to the city, including tax benefits (even if it's not the most optimized use of the land), general benefit of the public having a new venue for sports and entertainment, the profile it will give the city on the world stage.
Not saying it's the best use or even that they should get public money but a) your comparison is apples and oranges and b) I believe the city actually has come out and said they may be willing to look at vending land and/or building infrastructure, just no direct public money.