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Old 08-27-2015, 05:23 PM   #2842
Jay Random
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Join Date: Aug 2005
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Quote:
Originally Posted by nik- View Post
Come on MMF. Bank loans don't come from the tax base. A city loan would, regardless if over the next 20 years we get it back, it's a lump sum of taxbase money up front. You can support the city lending the money, but lets not pretend there's no difference.
The city would be borrowing the money. They don't have $250 million sitting in the bank to lend out to private businesses, and that isn't the plan. Strictly speaking, it's a lump sum of bank depositors' money. It is in no way a lump sum of taxbase money.

The only salient reason to structure it in this particular way is that the City of Calgary has a lower cost of borrowing than CSEC.
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