Quote:
Originally Posted by Redlan
Of the 500+ buildings the City of Calgary owns, how many turn a profit? Not a single library, aquatics center, arena, etc. Developers and government infrastructure have very different objectives and revenue streams, they are not comparable.
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This isn't "Government infrastructure" though, it's an arena expressly built for an entertainment corporation that will see little to no public use. That same corporation also gets to collect concert revenue from the building (that the taxpayers are building for them) to boot. The city is acting as a
developer on behalf of said private enterprise, but is getting no return on the investment on behalf of the taxpayers who are footing the bill for it
It's ####ing obscene