Quote:
Originally Posted by DeluxeMoustache
Well, sure, taxpayers are on the hook for a portion of a new arena.
And looking at the numbers, the Calgary city annual operating budget is supposed to be 4.9 billion by 2026.
The Flames are responsible for 356 million, province 330 and city 537 based on a quick search. The surplus of the city of Calgary operating budget was 258 million this year
There are 1.64 million people in the city across whom the city portion is distributed
Yes the corporation benefits for sure. They pay their portion off over a long time horizon.
There are so many handles on both the revenue generation and expenditure side
I sympathize with everyone who are struggling and at the same time don’t really expect that I’ll have a good enough handle on all of these particular costs and their recuperation, and their direct impact, in light of all of the other dollars moving around, that I will be looking at my overall tax bills and specifically cursing this arena deal
If someone could tie it all together and help me understand how outraged I should be, I’d be most appreciative
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They should just use the same system for housing as well, have the province pick up 1/3 the cost to buy a house, have the city pick up 1/3 the cost to buy a house and then you as the consumer pick up 1/3. You pay off your portion over time but the extra money you have and put into the economy provides the economic boost to justify the government picking up 2/3 of the cost of purchasing a house. Just use the same logic for buying a rink and apply it to housing.