Quote:
Originally Posted by elly63
Correct, and they never insinuated anything like our soccer troll friend is suggesting.
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I did not support the soccer stadium proposal when it was making the rounds of HRM 5-10 years ago. Glasgow won the bid and then had massive cost overruns.
I didn't support the Commonwealth games boondoggle.
The CFL promoter wants a deal like Ottawa and he claims it would be 'revenue neutral' but refuses to explain what 'revenue neutral' means. You can tell a shyster when she/he consistently refuses to get into the financing aspects of a deal.
Here is my guess :
No deed transfer tax on any property sold in the area to be developed
No building permit fees
No property taxes or fixed amount of property taxes in the area to be
developed
No GST on goods and services required to develop the area
And how would HRM get back the $20 million ?
IKEA got nothing. The developers building in HRM get nothing.
If the CFL can provide for 20 years one fifteenth of what HRM was gained from the province forking out $300 million to the shipyard I'll support such a a deal. The library cost HRM less than $20 million.