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Originally Posted by GioforPM
A. There would be associated development in the surrounding area which would be expected. Did you not read the proposal?
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For ####'s sake.
A CRL works by deferring property tax dollars from new development in the specified zone.
Under the CalgaryNEXT proposal, the CRL zone would use those property taxes to repay the city's contribution to construction costs. Meaning the associated development's property taxes would go to funding NEXT, so there wouldn't be any more property taxes to use elsewhere.
What about this aren't you getting?
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B. Part of the NEXT funding was in fact the cleanup. Did you not read the proposal?
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No, it didn't. It covered the funding model for the arena and fieldhouse. That's it.
Did
you read it?