Source (
http://thechronicleherald.ca/Business/1180196.html )
Quote:
|
The government wants Rank to own, design, build, finance and maintain the convention centre, which some people estimate would have a price tag in the range of $100 million to $120 million. The province hopes the funding would be split evenly among the federal, provincial and municipal governments, which would finance the convention centre through a lease arrangement with Rank over a number of years.
|
If this is a lease arrangement then there might not be a lot of up-front capital required from the three levels of government. I wonder if it will be difficult for Rank Corp to arrange financing. Is there a precedent for the federal government to pay an annual percentage of such an arrangement?
Threaded Mode