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Originally Posted by temple5
Who is funding the BMO expansion? Is it totally City dollars or is there some contribution from the Feds/Province.
In Canada these decisions arent as easy for Cities as they are in the US where they have local City income tax and sales taxes. The only way the City makes any money from this investment is in increased property tax value and hotel tax.
I dont doubt its overall impact on the people and businesses in Calgary but from an investment point of view the City itself will likely never see those investment dollars returned. the Province and the Feds will see the majority of the windfall from tax increases.
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1/3 each order of government.