Quote:
Originally Posted by Bunk
It all depends on the source of the repayment. If it's a district's property tax earmarked to repayment (CRL) it's very much a public contribution, because its citizens tax dollars being earmarked. That's how the East Village worked, but no one would argue that's not a "publicly funded" or maybe more accurately "publicly financed" deal. There's opportunity cost to such an earmarking, financing, debt capacity.
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This shouldn't be overlooked. Things are never as simple as the ballpark numbers we're estimating here. For the same reason, it's extremely difficult to actually value the city's contribution to the project.
That having been said, even if you do sell the city a bit short, I just really don't understand why there would be a hard stop to negotiations. Clearly, there's something to work with here, convergence doesn't seem at all impossible. It just looks like transparent posturing on the part of the Flames.