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Originally Posted by Black Star
This is coming out of my pocket and Joe taxpayers pocket at a time when we are all struggling massively. Irresponsible of the city to do this now and completely (Tone Deaf) to promote this and advertise this lol...unreal really.
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Frankly, this is probably among the best instances for using heritage money. First off, I assume there are strings attached. Municipal historic designations takes development rights away and because of that, the owner is entitled compensation. The development of site results in a piece of Edmonton's historic identity from being lost forever. That alone has significant value because it preserves a piece of the City's character and story. Not to mention that the site will generate much more tax revenue that it did before. Which is something the City needs at a time when we are all struggling. A quarter of million dollars invested may have been enough of an incentive for the project to happen - a project that creates how many jobs?
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"Hey, Lama, hey, how about a little something, you know, for the effort, you know." And he says, "Oh, uh, there won't be any money, but when you die, on your deathbed, you will receive total consciousness." So I got that goin' for me, which is nice. Carl Spackler, 1980
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