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Originally Posted by DeluxeMoustache
I missed this. Source please?
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https://twitter.com/trevortombe/stat...993691140?s=12
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Calgary paying $538m for a new arena. Some politicians say there’s no taxpayer cost. That’s misleading. Public money not free + has other uses.
At 5%, the flow value of the subsidy is like a permanent 2.4% increase in res PTax ($88/yr for median res). That’s how I think about it
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So you if you support a permanent 2.4% property tax hike in perpetuity so that the Flames get an arena then that is great. Some folks will be against the permanent tax hike though.