View Single Post
Old
11-13-2012, 01:28 AM
  #229
nye
Registered User
 
nye's Avatar
 
Join Date: Mar 2007
Location: Siberia
Country: Canada
Posts: 2,887
vCash: 500
Quote:
Originally Posted by sawchuk1971 View Post
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.

nye is offline