Quote:
Originally Posted by sureLoss
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.
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Likely. However if the land is taken up by two large sports complexes, a parking lot and a meeting center, how does that potential tax revenue compare to some business blocks and a few condo towers. Especially since you didn't also have to hand over $200 million, plus possibly front the money for the ticket tax.