Quote:
Originally Posted by taxbuster
With the change in government (and maybe even if the last one had stayed in power) I just don't think that there is any appetite at all for public involvement. The City *may* be willing to chip in a bit of tax money on the come - that is, not cash, but foregone tax each year for the next "x" years. Assuredly there will be no cash - first of all, the City really doesn't have any and secondly, the Alberta Gov't (which also doesn't have any it doesn't have to borrow) is not likely to chip in.
I could see the "possibility" of some job-creation funding from the Alta Gov't, but again, no big cash. It will be privately financed or it won't happen. I think KK and the Flames ownership knows that, and they're likely trying to find a hotel or land dev partner. Not easy in this economy.
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City can kick in in other ways by giving land and/or developing infrastructure and/or developing the West Village area around it.