Quote:
Originally Posted by Bunk
The way I look at this deal is it's a capital project with an ongoing revenue stream and tangible and intangible civic benefit. That's in contrast to many other types of capital. The structure is such that the better the facility does, the better the revenue stream for the public. Things like NPV seem to miss the point.
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Well I just plain disagree. I know there are intangibles and of course there is a benefit to the city here, so I'm not wholly against this. But proper financial review and due diligence doesn't "miss the point". It's necessary, particularly when a lot of the benefit is for a private corporation.