Quote:
Originally Posted by robaur
Question:
Do the Flames need money from the City of Calgary that they don't have to pay back?
Answer:
I don't want too get too cornered on that. We are not asking the City to give us money. This is public infrastructure. Every meaningful city in the world has a gathering space, where they can get together etc.
Question:
You didn't answer the question.
Answer:
There are many different ways of pay back. CRL is pay back. It is City revitalization. That is how the City should expect to get money back. That is the pay back. CRL payback is massive etc. There are also social returns, cultural returns...etc. We are the catalyst for that. There's a lot of payback.
LOL SEAN SPICER 101......HAHAHAHAH!
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So if the CRL is payback then the Flames arena should pay back the city with the incremental value improvements caused by the arena itself. The issue here is the flames want the Arena excluded from the CRL. He's right though. The city fronts a portion of the Capital to develop the area then the businesses (ie the flames) pay the additional tax base.