Quote:
Originally Posted by getbak
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.
|
Citation please, I have read everything and can not find any reference to the City owning the facility and that NO property taxes will be paid. Thanks in advance.
Update: I found one sentence in the presentation that the city would own the building.