Quote:
Originally Posted by nik-
Perhaps different situations are different. It's the recipient. This isn't an overpass.
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Isn't the City of Calgary the owner and the CSEC would be tenant via lease? I haven't seen any lease terms yet. That may shed more of a light as to how good of a deal this is.
Also- who gets to host the concerts/revenues from those events? Is it 100% all going to CSEC? I'm pretty sure the City would be in line to receive part of a ticket tax etc.
Quote:
Originally Posted by Bonded
If CSEC was putting up the construction money upfront and the city was paying into over 35 years then it would be a way better deal lol
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Yes- it would be. I believe in Canada- Cities are not allowed to issue municipal bonds? I thought that would have been a better way to fund projects like these.