Quote:
Originally Posted by Cappy
This deal is extremely close in percentage terms to the Edmonton arena deal.... one we all laughed at. Hard to see this as a “win”
Also, one week to decide? Laughable
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Yeah, looking at the details I dont know where you're getting this from.
The financial split is significantly different and CSEC has been given option rights on land to be determined in the future with a required financial contribution and responsibility of both CSEC and the City
In Edmonton that land was effectively deeded over up front with a Property Tax amnesty and put entirely under control of a private enterprise except for the City's requirements to provide infrastructure at the direction of that enterprise.
This is more of a partnership to develop an area in the city.
I'm sure there are some similarities, but to basically say its the same or worse despite the CSEC putting up almost double the cash that Katz did for fewer agreements and concessions doesnt seem to jive.