Quote:
Originally Posted by DeluxeMoustache
Sorry, friend.
If you take 27.58 M, escalate 1% for 35 years (the basis of the figures presented) and calculate the NPV of that payment stream using 5% IRR, what do you get?
Only one person here is showing they don’t understand
Retweet and appeal to authority is fine. No further questions
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Yes, if you taxed people 27.58 million dollars total every single year for the 35 year lease you would generate enough income so that at the end of the 35 year lease the city would have the same amount of money as if they did not spend a dime on the Flames. If that is what you are saying then I would agree with you.
Presumably Tombe did his math based on residential taxpayers and that would likely come out to 88 bucks a person every single year for the next 35 years.
I guess the question is whether the Flames are worth over 3,000 bucks to every single household in the city over the next 35 years.