The math still sucks or is fishy.
1) Saying infrastructure costs will be $112M instead of $327M. I'll take the city's word on infrastructure costs over a hockey team's. I mean, unless the Flames want to guarantee anything over $112M (tongue in cheek).
2) Remediation magically dropping from $140M to $90M. Based on what? Wasn't the city's original estimate based on a properly done report?
3) Financing costs being $214M instead of $391M. Willing to believe this one but I want to see the explanation.
4) Sale of cleaned up land being $310M+. The city would be able to sell this eventually, so it is a time value of money thing. $310M now vs $310M later does have a financial benefit, but it is not the total amount. It's not like $310M is magically appearing out of thin air. It is just moving forward in time. To say otherwise is an outright lie at worst, or intentionally misleading at best.
5) CRL of $435M being an inflow. That's a complete joke. Yes it is an inflow now, but it comes with less money later because future tax revenues are used to pay it off. It's not like $435M is magically appearing out of thin air. It is being borrowed at the expense of future money. Again, it is probably a net positive inflow in terms of NPV but the way they put that is an outright lie at worst, or intentionally misleading at best.
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