Quote:
Originally Posted by sureLoss
The Flames want the city to recoup the city's contribution via other means. They say CRL, but I think they really mean take it from the property taxes of the new developments around the arena whether it is officially a CRL or not. In other words, don't take it out of CSEC's pocket.
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And therein lies one of the biggest stumbling blocks for the Arena...
The CSEC characterizes property tax or a lease agreement as "repaying the City's contribution".... which is the thing they point to when they say the City isn't contributing any money.
For every other individual/entrepreneur in canada that pays property tax or leases office space, this is a head scratcher...
its not 'repaying' anything... its the cost of doing business that every private enterprise has to deal with....