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Re: Flames arena [message #822233 is a reply to message #822232 ]	Thu, 27 April 2023 14:11

CrusaderPi
Messages: 7647
Registered: December 2003
Location: AB Highway 100

6 Cups

Skookum Jim wrote on Thu, 27 April 2023 14:01

How much money did Edmonton get from the Provincial government for the their facility compared to what Bovine-ville will be getting?

Looks like 7 million direct from the province and feds and probably some indirect support for infrastructure. The confusing part is the community revitalization levy, which I think is funded by the province to lets cities borrow against future tax revenue. The whole thing is pretty nebulous.

https://www.edmonton.ca/attractions_events/rogers_place/the- agreement
https://www.edmonton.ca/sites/default/files/public-files/doc uments/PDF/Downtown_Arena_Financial_Framework_Details.pdf

Adding: so of the arena's total cost of $613M (arena, pedway, rink, land, lrt) the city paid $81M with another $231 coming from the city / province through future taxes that the public will be on the hook for when the tax gains aren't realized. Plus someone has to pay interest, which pretty low until 12 months ago. I think the big scam is offering tax breaks at the same time as borrowing against tax increases.

[Updated on: Thu, 27 April 2023 14:14]

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Flames arena	By: Goose on Tue, 25 April 2023 16:07
Re: Flames arena	By: RDOilerfan on Tue, 25 April 2023 16:10
Re: Flames arena	By: Kr55 on Tue, 25 April 2023 16:12
Re: Flames arena	By: NetBOG on Tue, 25 April 2023 16:16
Re: Flames arena	By: CrusaderPi on Tue, 25 April 2023 16:33
Re: Flames arena	By: Skookum Jim on Tue, 25 April 2023 17:05
Re: Flames arena	By: RDOilerfan on Wed, 26 April 2023 08:24
Re: Flames arena	By: CrusaderPi on Wed, 26 April 2023 08:59
Re: Flames arena	By: RDOilerfan on Wed, 26 April 2023 09:26
Re: Flames arena	By: CrusaderPi on Wed, 26 April 2023 09:48
Re: Flames arena	By: RDOilerfan on Wed, 26 April 2023 10:11
Re: Flames arena	By: CrusaderPi on Wed, 26 April 2023 10:27
Re: Flames arena	By: RDOilerfan on Wed, 26 April 2023 10:43
Re: Flames arena	By: Oscargasm on Wed, 26 April 2023 12:09
Re: Flames arena	By: CrusaderPi on Wed, 26 April 2023 12:56
Re: Flames arena	By: feepa on Wed, 26 April 2023 13:52
Re: Flames arena	By: Kr55 on Wed, 26 April 2023 17:21
Re: Flames arena	By: Oscargasm on Wed, 26 April 2023 18:18
Re: Flames arena	By: Kr55 on Thu, 27 April 2023 14:15
Re: Flames arena	By: Skookum Jim on Thu, 27 April 2023 14:01
Re: Flames arena	By: CrusaderPi on Thu, 27 April 2023 14:11
Re: Flames arena	By: K.McC#24 on Thu, 27 April 2023 17:43
Re: Flames arena	By: Goose on Mon, 01 May 2023 14:02
Re: Flames arena	By: Kr55 on Mon, 01 May 2023 14:30
Re: Flames arena	By: kungpaobenji27 on Wed, 03 May 2023 10:51
Re: Flames arena	By: Kr55 on Wed, 03 May 2023 10:53
Re: Flames arena	By: CrusaderPi on Wed, 03 May 2023 13:07
Re: Flames arena	By: Oscargasm on Wed, 03 May 2023 16:27

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