Quote:
Originally Posted by longsuffering
Agree that the land must be cleaned up sometime but what the stadium/arena supporters continue to overlook is that virtually any other development will generate tax revenue from the WHOLE site.
The Flames' proposal would have a substantial portion of the whole redevelopment area not contributing any property taxes!
That opportunity cost should be included in the economics from the City's side.
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Well at least that would be a cost directly related to the difference between Calgary Next and another project which I would find refreshing!