Quote:
Originally Posted by Bunk
The lifespan of the CRL is 20 years. I think what they're saying is they've spend $357m, but over the lifespan of the CRL the cumulative revenue from taxes and land sales and stuff will be $725m.
Once the CRL expires (in about 12-13 years), we'll suddenly get about (and this is a guess) about $30m-$35m annually injected into general revenue (and perhaps maybe some one time cash from CRL surplus - unless they expire it early once the $357m borrowed money is paid off).
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That makes more sense. Thanks.
So if this project is a few years before a shovel hits the dirt to build, then the EV CRL will be a few years away before it becomes revenue by time the stadium is done. Timing wise that is probably pretty good.