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By Wentworthst (anonymous) | Posted January 11, 2011 at 14:10:26
@George wrote:
> What about management of the new stadium and its operating costs?
I would note we already have Ivor Wynne on the books, so that's not new allocation.
> How does this $45m FF expenditure improve the city?
It's all going into the city's existing property value, to create more taxes, which was the goal.
> Does anything change? Seems like the same situation.
By 2016, there will have been a quarter of a $ billion spent in an area of Hamilton that otherwise would not expect an extra dime in that time..
The impact will be enormous, as no other use for the Future Funds could bring in 5x in additional cash to the pot.
IMHO, It's about landing the US Senate pork-size stimulus right here, in the heart of our tax-hole. Instead of being a draw on our city books, it will all add to them... Land value taxes, income taxes, sales taxes.
Comment edited by Wentworthst on 2011-01-11 14:10:48
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