Quote:
Originally Posted by Kavvy
I think:
The ticket tax should definitely be considered an owner contribution
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That's a pretty loose definition of "contribution". Which actually isn't odd since they (CS&E) seem to have a loose definition of contributed. They also consider the rent they'll pay as part of their "contribution" (as part of that 200M)... I'm fairly certain that if I walked into any of the property management companies that administered the buildings I rented prior to buying my home and asked them how much I contributed to the construction of the apartment buildings they'd look at me like I had a turnip for a head.
The amount the owners seem willing to actually front seems remarkably tiny compared to the total cost of the project..