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Originally Posted by Cleveland Steam Whistle
What are your thoughts on that?
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I think you're just poking the bear, but just in case:
Quote:
Originally Posted by Frequitude
Time value of money. Yes, it needs to be done eventually, but all signs seem to indicate that the Flames proposal would force it to happen at least a decade earlier than otherwise planned. Assuming a decade of acceleration and a discount rate of 5%, that's about a 60% increase in net present cost to the city. And I think a decade and 5% is a pretty good middle of the ground assumption.
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Note that this also applies to the city claiming that this is a $1.8B project. Sorry, City of Calgary, this might be a $1.8B project but you know damn well you'll eventually have to do a bunch of this stuff. You should have done yourselves a favor and come across as the intelligent one here by calculating and communicating the truth which so obviously lies in the middle here.