It's kinda crazy just how good a deal CSEC gets. $17 million per year, escalating 1% over 35 years. That's $22.78 million in today's dollars, but in 35 years, that'll be roughly $37 million. So it gets cheaper in real dollars over time, and presumably we will be paying more than 1% borrowing costs, so taxpayers lose on that side, too.
CSEC would have to be utter morons to not accept this deal, which is a good indication it's not so good for the other side.
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