Quote:
Originally Posted by Beatle17
You do realize that it is not free money, it all has to be paid back within a set time frame right?
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It's paid back by the property taxes generated by the new development that is made possible by the CRL investment. Since the Flames are proposing that CalgaryNext will be owned by the city, it won't generate any property taxes (which is one of the complaints people have about the proposal).
The CRL would be paid back by anyone who builds on the land, except for the operators/occupants of CalgaryNext.