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Cappy · 09-15-2017, 11:25 AM

The Property taxes will likely cover the interest on the Muni Bonds. So, the City is basically giving the flames 180 million.

If my Calc's are correct (I'm not good at maths), 30 year Municipal Bond rates in Calgary are 2.79%

http://www.calgaryherald.com/busines...224/story.html

183m over 30 years at 2.79% is $153,170,992.00 in interest.

09-15-2017, 11:25 AM	#610
Cappy #1 Goaltender Join Date: Jan 2015 Exp:	The Property taxes will likely cover the interest on the Muni Bonds. So, the City is basically giving the flames 180 million. If my Calc's are correct (I'm not good at maths), 30 year Municipal Bond rates in Calgary are 2.79% http://www.calgaryherald.com/busines...224/story.html 183m over 30 years at 2.79% is $153,170,992.00 in interest. Last edited by Cappy; 09-15-2017 at 11:44 AM.