Quote:
Originally Posted by Makarov
We don't know the details yet but, again, would you still consider it a loan if the City's contribution is "repaid" via property taxes or rent (things they would ordinarily be required to pay anyway)?
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If the City is contributing only a loan to the Flames, and then they OWN the building, then how much are they paying for that ownership/right to charge rent? Being gifted an almost billion dollar structure....that's not ordinary.
As mentioned in many other posts it certainly isn't un-ordinary for the city to relax property tax requirements for new construction projects either. How much does the National Music Center pay for property tax....anyone?
Pretending either of these things are 'ordinary' in this situation doesn't make any sense.