Quote:
Originally Posted by MalcolmTucker
This shows a fundamental misunderstanding of how CRL / Tax Increment Financing works. Unless the addition to the capital stock that was induced was going to be outside of the City of Edmonton boundaries, it is solely a book keeping exercise to segregate a portion of the city wide mill rate to pay off a loan and a transfer of education property tax revenue from across the entire province to the CRL.
And the city deciding to relocate offices to the arena district doesn't really count  |
Like how we located the Bow in the East Village?
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