Quote:
Originally Posted by Rejean31
Everything I have seen says that the city is willing to pay 1/3 but only if the money is returned to the city in some way, shape or form.
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Keep in mind, there are two costs to consider with any new property....the costs to build it, and the property tax costs to own it. When you buy a house, you have to pay your mortgage AND your property tax...it's not one or the other. The Flames from what it sounds like want money to pay for it AND forgo paying property tax on it. So they want two things for free.
The City on the other hand is offering to give them money for the first part (build cost), and saying that the second part (property tax) will only be going to pay off that first part, not be an additional cost. It would be like your home property taxes only going towards your mortgage payments.
I know I'd take that.