Quote:
Originally Posted by RM14
just a random number. I doubt there are any individuals getting the shaft personally. If the city were to straight contribute non-recoverable cash (which they aren't). Some number crunching:
* Total 2016 City of Calgary Revenue: $4,700,000,000
* 450,000 households X $3,000 each per year = $1,350,000,000 (29% of city Revenue)
*City Expense for Arena funding: $250,000,000 X 29% = $72,500,000 to Households. Or, $161 per house.
*$161 cash upfront / 30 years - about $5 per year per house.
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That might be true but it's not the cost per house, it's the fact that if they want to raise my ppt taxes by 5 bucks I'd rather they built a school, or a park, or a ctrain line or pretty much anything else I can use for free or with a minor fee.
Look at people freaking out about the ring or bowfort that costs less money than I bet most people would bend down to pick up on the LRT.