Quote:
Originally Posted by Redlan
This is entirely false and very simplistic. This is a capital project with capital assets that are both tangible and intangible. The City of Calgary, Calgary restaurants, Calgary Hotels, Calgary Developers, and countless other Calgary Businesses and the Calgary taxpayers will all benefit (tangibly and intangibly) outside of your simplistic statement. Say it enough...maybe swear and it makes you right...  Right? But sit in Kelowna and keep telling us in Calgary how this works when it doesn't impact you. |
I'm pretty sure this dead horse has been beaten to a pulp, but I think all the studies around arenas make pretty clear that neither tangible nor intangible benefits (unless you're talking about intangible like... "I enjoy having a hockey team that plays here") are even significant enough to be worth mentioning, and any perceived economic benefits are actually the result of economic benefits moving from one area of the city to another, not new benefits being created.
Like, sure, it might benefit all those groups. But more than it costs? And more than they're already benefitting from anything else? No.
I live in Calgary, so I hope I am qualified to present this information.