Quote:
Originally Posted by jammies
So if you owned some land, and you went halvsies on a car for me to drive, then I was exclusively permitted to park that car on your land for free for the next 40 years, that's a good deal for you so long as at the end of it you could sell that land and pocket the money? I'm not getting where this is a win for you, but sign me up for this deal if you're sure it's good business, because I wouldn't want to stifle your entrepreneurial drive.
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Why do I even bother, honestly. Your post suggests that my opinion is either ignorant, obtuse or dumb. Why are you trying to make it personal? Nowhere did I assert that contributing to the new arena is a good investment decision for the City. I know, it is not a good financial investment. But I do want the City to contribute, because I want the team to stay here and; therefore, as a taxpayer, I support and approve this contribution (subsidy). There are many tax-paying Calgarians who do as well. There are also many who don't. I don't support a whole bunch of other multi-million dollar subsidies, but they are given out anyway, because they are supported by the majority of our Council members at one time or another. For the City, this is a political decision, which will have financial benefits and non-financial benefits to the City either way. For CSEC it has only one non-financial benefit - the pride of ownership, but their financial risks are incomparably higher than they are for a large municipality.