Quote:
Originally Posted by Tinordi
Well to be perfectly clear, it is not costless for the city to issue a 250 million dollar 20 year bond. That impacts the rate at which the city can borrow for future bonds and judging by the long list of capital projects coming up in the next 10 years that may need to be debt financed, that added borrowing costs is not trivial.
But let's be honest, if the flames were financing the 250 million privately then they would just roll that into their private contribution. The fact that it's separate is a sure sign they want public subsidies to pay for it. Therefore it is NOT to be considered as anything other than more public money and increased public contribution share to the project.
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Once the city and Flames actually start negotiating this and that issues like this will be addressed. I'm not sure why people are acting like this is a slap in the face, did they not expect some posturing from either side? Obviously the Flames will say this deal is great for everyone, and obviously the city will say no way.
Concessions will be made on both sides and an agreement will be reached.