Quote:
Originally Posted by powderjunkie
This is bang on. And to further clarify, as it's easy to get confused:
City puts up 550M in cash.
Province puts up 330M.
CSEC puts up 40M.
The city also puts up another $316M on CSEC's behalf, which is the part that gets repaid through those $17M (+1%) rent payments.
Which is to say, the CSEC rent payments do not offset the other ~$880M above, at all.
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Lol even worse. So the city is actually financing 866M? I missed that.