Quote:
Originally Posted by nik-
No they're not. That's like saying the cost for buying a new arena so you can increase your revenue is a sunk cost. The benefit of spending the money to remediate the area is potential taxes from the area.
This isn't something the city has already spent is is never going to recoup.
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Perhaps saying they are a sunk cost was a bad choice of words. My point is the city/province is going to spend the money eventually to make that land develop-able with or without a sporting complex.