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Originally Posted by Locke
Its not about the Economists being right or wrong. Economics is far from an exact science, but there obviously will be benefits for both parties.
Its the extent of those benefits that will be in question. Another problem is that these benefits for the public are difficult to quantify especially because in projects of this scale there are multiple ancillary off-shoots that occur over several decades.
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By which time a new arena will need to built.
It should be possible to look at other jurisdictions and point to quantifiable public benefits that have taken place since their new arenas were built. If they are really truly worth it, then sure. If there was payback of the City’s contribution plus more, then sure.
I don’t see how this current deal isn’t all icing for the CSEC and a giant pile of crumbs for the City.