Quote:
Originally Posted by Parallex
The net present value of that 703.8 million is actually 316M. Plus it's earmarked towards construction costs so the City never actually gets a dime of it... it just passes through the City to financiers.
From all appearances the city isn't getting any cash return on this deal... it's just a straight transfer of public money to private interests.
|
So you're saying the lease proceeds from CSEC to the City are part of the $550M that the City is contributing?