Quote:
Originally Posted by Hot_Flatus
Because in the fine print Nenshi and council are likely balking at allowing them to put up nearly nothing and pay the rest of their 1/3 out until many fans/taxpayers will be long dead.
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I'm sorry, I'm not following. Most taxes are almost literally taxes on the next generation, why is this special?
In most cases it makes a lot of sense for the City to put up the initial down-payment and suck up the ticket tax financing because they get vastly better rates than a company and that reduces financing costs.
But then again, they need to be compensated for that.