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Originally Posted by llwhiteoutll
You're ignoring that it is NOT a $5 billion injection into Calgary since all the money will not be staying here. Wages and construction spending won't only be contained to Calgary workers and companies. Not to mention the work we will be funding in other cities
The guaranteed cost overruns aside (which we will be on the hook for), the Olympics will essentially become our major project for the next 8 years and severely limit any other infrastructure spending. The provincial contribution is essentially what would have been given to us over the next 7 years had the MSI not been cut, so that's kind of a wash.
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Tax breaks to businesses also don't have the entire investment go back into the same area... Or how many families would decide to go on a vacation if taxes were reduced... That is what we did as a family when we got our Ralph bucks.