Quote:
Originally Posted by Flame On
I'm so dumb on these things.
If the flames are offering 1/3, and through a ticket tax another 1/3 and will get a loan from the city of 1/3, but have to pay it back, how is that not the Flames paying all the amount and the city eventually having paid nothing?
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Because you can invest money and make money on that money. So the city is willing to experience opportunity losses - or lost money on future investments. For CSEC they get an interest and application cost free loan while keeping their capital free for investment or gaining opportunity.
On top of all that CSEC will make money on the Cities loan.