Quote:
Originally Posted by Bunk
Ticket Tax
It was a massive mistake in my opinion to not suggest the owners were going to backstop the loan for the ticket tax. I suppose we would assume the City would finance the ticket tax. I believe the user pay component is sound, it should absolutely be backstopped by the owners, not the City. If it is planned to be backstopped by the owners, really bad not to say that today with utmost clarity.
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I enjoyed reading your post, can I ask a question related to this and the CRL?
I wonder in this proposal who gets the benefit of developing the surrounding areas. For example, to use our friends to the north as an example, the cost of the team's investment was offset by the owner using the increased value in the surrounding lands and related development.
Is there anything like this going on in the CS&E proposal that you can comment on? Are there specific interests which stand to benefit?