Quote:
Originally Posted by GGG
Make sure to add in the 1/4 of provincial and 1/30 of federal and quit trying to car salesmen us with the Monthly payment. About $3500 per family using your numbers. That is a meaningful amount of money. It isn’t just $32.
I also don’t think 800 million is the high end. The estimate is likely +\- 30% with 20% contingency. The city is contributing around 500 million. They cut 125 million from security when facing losing the bid so I assume that gets added back in. 200 million of the 1 billion contingency is planned to be funded with an insurance product that may or may not exist. So I think you need to add a 10% overage to the current budget, the 125 million back in and the 180 million in contingency. So I believe the realistic spend by the city, or at least the amount we are prepared to spend 50% of the time is 1.3 Billion.
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Rough day or just had the urge to throw the car salesman joke out?
Cut the cake any way you want... $3,500 per house in total or $8 per individual per month. I guess I was cutting it in the realistic fashion which would involve monthly adjustments. If you want to look at it as the tax man showing up and demanding a cheque for 3,500 then be my guest.
We can break down any expense which is faced but at the end of the day, I can't think of a better opportunity to improve Calgary with $7 received from outside funding per $1 from our own pocket.