Quote:
Originally Posted by Manhattanboy
Agreed a gross overstatement.
But unless oil recovers in a major way what's to stop Calgary, and particularly the core, from becoming the next Detroit? NEXT is not the only answer but a city has to invest in its future. It cannot rely entirely on the private sector.
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The money that drives a professional sports teams business (and other resultant businesses) is the result of disposable income in the local economy. A hockey team cannot self-induce it's own demand and drive an economy.
Calgary DOES need to spend money downtown, but it's in incentivization to draw new business to fill the empty office space with non oil and gas industry to diversify.