Quote:
Originally Posted by Locke
CalgaryNEXT was a fiasco, but overall I thought the financial structure of this proposal appeared fairly sound.
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It was a hopeless financial structure from the start.
Edmonton used a CRL so they figured a CRL here was a magic bullet, but with the footprint of CalgaryNEXT there wouldn’t have been enough space to develop anything that could have possibly created enough new tax revenue to fulfill its obligation.