: News Article:
New Arena deal agreed to by city and Katz group:mod warning #616
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01-27-2013, 10:13 PM
Join Date: Apr 2005
Originally Posted by
We all know where that $100 million is coming from. We've known this since day one, nothing has changed. The province will give the city their usual 100 million or so infrastrucutre money they get each year for proejcts and the city is going to use that for the arena, thus screwing the citizens out of a years worth of infra for other things.....but no tax money is being used and the deal is all good for everyone.
I love how Sohi was saying: "But we have to educate the public that nobodies taxes are going up as a result of the arena"
Yeah, read the fine print. City gets overextended for another .6billion dollars fronting this arena, but this is just one particular pie. Your 2013, and 2014 etc tax increases will be due to these other spending pies..honest...
What a shellgame. No tax increases people, just shake that special no interest loans tree again. Shake it real hard, this expenditure is huge and growing.
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