View Single Post
Old
11-11-2012, 10:27 AM
  #204
Gone
Fire KLowe
 
Gone's Avatar
 
Join Date: Aug 2005
Location: Earth
Posts: 2,556
vCash: 500
Quote:
Originally Posted by I am the Liquor View Post
Money that could have otherwise gone to other infrastructure projects.

The province isnt paying for ****.
I'm hearing rumbling's that the city is in deep financial trouble. Apparently Edmonton's debt of $2 Billion++ (over 100% of income and over $2500 per person) is one of the highest (if not the highest) in North America. But their debt is rated high because they have the backing of the Province.

The city may have to cut back some employees, claw back pensions etc. This will go over well as with the other hand they are handing Katz $400 million.

Gone is offline