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Old Posted Apr 3, 2013, 5:35 PM
Unlearn Relearn Unlearn Relearn is offline
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Join Date: Apr 2013
Posts: 39
"""So which is it? You can't on one hand say that the City shouldn't back a losing deal and on the other say that it should.""" It's called sado-masochism, feels good.

Basically what I have been saying from the start is that it makes no difference what City of Moncton says, they are not putting their money where their mouth is. And if they don't why should anyone else? Investors will only come out when the correct location (Lower Coverdale) will be approved, they'll come out because they will have a huge parcels of land over 90 acres, practically for free, no hard cash to put up in the beginning, lots of future expansion for the future, over 3,500 on-site parking spots, and a possibility to lease the land. When you buy the land you are responsible for that bank loan, here all that is required is monthly lease payments, and after 25 years, the same length as the bank loan, they can buy the land for only ONE DOLLAR. That's sweet stuff.
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