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Originally Posted by Travis Munroe
I think the yes side knows and accepts that the numbers are soft. We believe the no side is also too hard on them given the nature of renovating vs building new. The truth lies somewhere in the middle.
Calgary is not headed in the right direction and the 4th place rank is irrelevant when looking at opportunity and economy. Canada continues to slide on rankings of places to do business and this is while most of Canada is enjoying great times.
People have already explained that not only is 2030 out of the question but 2034 would also be. I'm not sure how true it is but I think they mentioned salt Lake city as ready to roll out the red carpet for 2030 and then they would be due for a shift outside of North American for 2034.
Everyone wants to look at property tax hikes as the main driver for the no side. How about looking at property values. Even a 1% gain due to short term economic benefit has you break even. The path we are on right now, no Olympics, no injection of capital, no major temporary job growth, no office space being leases and you will see more than 1% in losses on your he value.
The no gal on the fan yesterday had a interesting comment...
As a no person, she knows we need something to kick-start the local economy but her suggestion was a new arena... This is incredibly hypocritical imo asking for tax payers to fund a smaller project with no outside capital joining in but not wanting to contribute 14% municipal taxes for 86% fed/prov taxes and IOC money.
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This is such a false talking point. The provincial funding is money that Calgary will lose from other grants. There will be projects like Green line Expansion where the Province will say that we funded the Olympics so we aren't funding this or its real debt being taken on. I get the federal funds are free argument but extending that to the province is just wrong. At a minimum you need to look at the tax revenues that Calgary sends to Alberta as it coming directly out of though 100% in my opinion is much more reasonable.
Increasing of property values long term will not happen as a result of the Olympics. The only people who capture that increase is those who sell while the boost happens. Long term property values will always be set by market conditions.
The Olympics change nothing about the direction that Calgary is headed. Its a ridiculous talking point. Your essentially using a MAGA argument. Trash Calgary's current state (which is still one of the strongest in Canada), point to some random issue as the solution, tie the arguments together with an emotional appeal. Now while it lacks the racism of Trumpian politics it certainly matches the logic.