Quote:
Originally Posted by The Fisher Account
I feel like I'm taking crazy pills listening to people propose alternate locations when the only reason we could possibly afford to build a new arena is due to the CRL that was specifically outlined for the Rivers District.
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I don't believe the City was planning to use the CRL to fund their share of the arena under the previous agreement. The capital funding was cobbled together from various reserves
according to this.
Regardless, a CRL is just an accounting trick to reallocate property tax revenues. There's nothing stopping the City from creating another CRL somewhere, or finding other sources of financing.