Quote:
Originally Posted by iggy_oi
Lol. How do you get $10/taxpayer when the ask is in the hundreds of millions of dollars and our city has a population 1.2M?
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just a random number. I doubt there are any individuals getting the shaft personally. If the city were to straight contribute non-recoverable cash (which they aren't). Some number crunching:
* Total 2016 City of Calgary Revenue: $4,700,000,000
* 450,000 households X $3,000 each per year = $1,350,000,000 (29% of city Revenue)
*City Expense for Arena funding: $250,000,000 X 29% = $72,500,000 to Households. Or, $161 per house.
*$161 cash upfront / 30 years - about $5 per year per house.