The Official Arena Thread Part 6
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11-13-2012, 12:28 AM
Join Date: Mar 2007
Originally Posted by
do you guys in canada use bonds to fund projects?
i know here in the states, a couple of sport stadiums are funded by the use of the bonds....where the taxes would pay off the bonds in the future....
We use Private-Public partnerships. The private entity builds and maintains the infrastucture and the public agree to pay a set amount over time for that. Similar to a bond in payback, but the private interest is involved in the nitty-gritty of project development and building.
Otherwise, I don't recall public projects being carved out of general government spending. ie the City borrows for what it wants to build. It does not mortgage a specific asset to build it.
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