Quote:
Originally Posted by getbak
The CRL would be paid back by anyone who builds on the land, except for the operators/occupants of CalgaryNext.
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Indirectly, it's everyone outside of the CRL district that pays it back. Anyone building in the district pays the same taxes based on the same rates as outside the district, except all that revenue is diverted straight to the CRL and not into the city's tax revenue. So for whatever budget the city sets, the CRL district doesn't pay much into the budget, meaning everyone outside of the district is indirectly subsidizing them until the CRL is paid off.