Quote:
Originally Posted by suburbia
What is the value of a 50 or 99 year lease for a $200M piece of land?
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Meh. Who cares. Because sports!
The Flames have an arena now where they pay no civic property taxes, and the Stamps have a Stadium that is similar. They lease the Dome for a nominal amount.
If the city forced the Stampede Board to pay for its ongoing use of city assets they would be run out of town too.
Sometimes to get something you want you just have to ignore the cost when the cost is just missing out on known unknowables.
I bet the city will be super glad in 50 years to have the opprotunity to redo the sports district into who knows what! Super dense residential? Downtown phase 2? Are we to account for those future potential benefits too?
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