Quote:
Originally Posted by the_only_turek_fan
Well this is a great argument for the city paying for 100% of the Flames new arena.
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Not really...it's probably a lot worse than dropping that same $400M in cash out of a helicopter.
At least most of the $30M will be going to individuals living/working in Calgary/Alberta.
A massive chunk of a $400M will pay for brick and mortar (and seats, and technology, and ice plants, etc.) sold by non-local companies. The biggest construction companies involved will probably not be locally headquartered. It may not be much more than $30M out of the $400M that would end up in the pockets of local individuals (construction, engineering, etc.)
No permanent new jobs are created either way.