Quote:
Originally Posted by Mr.Coffee
Let’s see...
- if you think property taxes are set to rise $25 I have a bridge to sell you. Come on man...Jesus Christ
- agree it’s clear Edmonton is not a part of this and that is good!
- I don’t think Nenshi is “corrupt” but I think he’s highly personally motivated. It’s a big risk to take being the first “change of face” host location for the IOC so yeah I think it’s completely fair and rational to be skeptical of that
- the Japanese are actually a whole hell of a lot more conservative than we are culturally from my understanding but notwithstanding that I agree it’s no guarantee we see massive cost overruns but if you don’t think there is significant risk here I would argue you’re viewing this with emotion and not being objective about it
I’m closer to a yes but still an absolute and unequivocal NO vote. I think if Calgary wants to do this we should see how things go for our economy over the next few years and try again in 2034 or 2038 if things turn around at all. But right now with capital programs massively being slashed, capital investment in E&P oil and gas in Canada 2018 being 1.9B vs prior years 2018 19 B or 20B year before kinda thing... the junior sector in oil and gas has been absolutely unfunded and demolished. What you’ll see, is our economy over the next 2-4 years getting murdered as capital flight continues and production reduces. We are in for a very, very bleak economic near term future so to run around hosting a party strikes me as insanely irresponsible.
Calgary is in some serious, serious trouble in the short term. Oil is $18/bbl today. Gas is terrible. NGL’s are in trouble on futures. People can’t justify drilling. Oil and gas is the breadbasket of this city. We are in massive trouble and we are going to host a party?
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Welp, Trevor Toombe who’s an economist has figured out that taxes would go up $25 annually. It was repeated at the cbc town hall. If you have different tax projections from credible sources, would you mind sharing your results? If the results are higher i would really like to know beofre i vote on tuesday.
Just reminding you that taxes would go up if the city can’t find other aources of revenue from the games. There’s also a billion dollar contingency built into the budget and our venues are 85% built.