Quote:
Originally Posted by nik-
And if the Peace Bridge was a profitable private enterprise, that might be a good point.
|
Yup! Remember that time Darryl Katz bought a $150 million (CAD) mansion in LA early this year, after having to put up only $23 million of his own dollars to build the arena in Edmonton? Imagine if he had to put up $180 million? He wouldn't be able to just drop that $150 million on a mansion, and the City of Edmonton would have an extra $150 million to spend on useless things like improving the city. The horror!
EDIT - I rounded up to $30 million from 23, because I read that earlier tonight. Oops. Turns out Katz only spent $23 million of his own money. My mistake.