Quote:
Originally Posted by TheScorpion
Yeah, I love Calgary and I really don't want to see it careen down the tunnel of Detroit and the like. I just don't think that spending a ton of money on the Olympics is the right way to boost the economy. Maybe it worked in '88 but that was ages ago, and we're in a different world. I just don't know what the solution to the downturn is, what industries the city can hope to attract -- but I think we need to invest in more long-term reform.
It all seems very sad at the moment, for certain. Idk what to think
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The implicit expectation seems to be to wait until oil hits $100 again and the oil companies come back in droves. I just don't see that happening either. The City, nor CED, nor ANDP, nor the "No" side seem to have any answers.
I'd also use the Pittsburgh example before Detroit; at least Pittsburgh is moving on from its former commodity economy, but it took a long time. I believe the former Mayor even lent advisory services to the City of Calgary or Chamber of Commerce not too long ago.