Quote:
Originally Posted by sureLoss
Just curious how do you figure your specific taxes will go up?
What has been presented by the Flames thus far proposes 3 methods of government funding
1. Ticket tax - Flames are going to pay back this loan by having a ticket tax on all future tickets sales.
2. CRL - Property taxes on future development in the same area as the arena is being used to pay back this loan.
3. $200 million for fieldhouse. City council has already approved this amount
and just needs to fund it. Your taxes are already going up because of it.
You can go ahead and argue that governments and taxpayers shouldn't be loaning money to private businesses for sports arenas/stadiums or that there is better use for that money than stadium/arenas.
But the way the Flames have presented the financing, almost all Calgarians are not going to see a tax increase.
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Nenshi is suggesting that the calculations they have done thus far indicate the CRL would not be self-repaying and that neighborhoods surrounding the proposed site would be impacted by that extra cost.