Quote:
Originally Posted by InternationalVillager
So you're saying the lease proceeds from CSEC to the City are part of the $550M that the City is contributing?
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City puts up 550M in cash. CSEC puts up 40M. Province puts up 300M. CSEC then pays an escalating rent as their contribution. So they are basically turning their cost of doing business into an arena and taking on very little risk.