Quote:
Originally Posted by Colin May
Dartmouth Crossing costs HRM almost nothing, it costs HRM very little for policing, fire and road services. It is a cash cow, a cash cow that supports the projects that make day to day living better for everyone.
|
All commercial development in the city is a cash cow. That's how the tax burden is set up. Suburban commercial development is less of a cash cow than urban development because it pays a lower tax rate and has higher servicing costs.
The question to ask about Dartmouth Crossing isn't whether it generates more revenue than it costs, it's if that development was better than the alternatives.
But that is all largely irrelevant to a stadium discussion anyway. Dartmouth Crossing will be about the same whether a stadium is built there or somewhere else.