Quote:
Originally Posted by DFO
CSEC does not want to own it because they don't want to pay property taxes right? But they also expect to operate it and pocket all profit? In the end they just want the 1/3 handout.
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Commercial property tax is paid by the tenant, not the building owner. It would be no different unless they negotiate something with city hall, which they are trying to do.
And of course they want a 1/3rd handout. If you were in their shoes you would want to make the best deal possible too. Love this thought that CSEC should just be alturistic and shoulder all the costs and pay all the taxes just because the owner has a bunch of money. How do you think he got all the money? By getting the best deal to be had! And he's been good at it. Think Amazon, if they decide to come here, isn't going to be negotiating the same points with city hall? This is not a CSEC phenomenon, this is standard big business