Quote:
Originally Posted by Enoch Root
Yes it would.
The ticket tax is a revenue stream. That revenue stream would allow for a bond to be issued, which would raise the $200M (and be used for construction). The ticket tax would pay off the bond.
Side note: my understanding was that the ticket tax would pay principal and interest. Where is it stated that the city would be expected to pay the interest on that bond? That makes no sense (and of course the city wouldn't do it). What is more likely to me is that the city would guarantee it. Big difference.
|
Can't answer that, and very good point... except, I was wrong before, the ticket tax isn't just a Calgary Flames donation, it is a user fee applying to all events.
Granted the Flames make up the majority of the events I would assume, it still isn't 250mill from them