Quote:
Originally Posted by dustygoon
.....but they will use $37m of tax payer money to make an "opportunity acquisition" to buy land that may or may not be used for muni purposes.
Got it.
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The City of Calgary would still own the land and will eventually realize a massive gain sometime later this century. Right now the land is useless and the infrastructure is a mess which is the city’s fault for poor plannig. I think it's a good use of 37 million.
Sunny downtown riverfront property should not remain environmentally damaged and held by car dealerships this day and age.