Comment 51151

By C (anonymous) | Posted November 04, 2010 at 16:34:32

Shempatolla wrote: "The infrastructure costs were in the capital budget spread out over 15-25 years. To build a stadium by 2014 would have accelerated those expenditures at the expense of areas of the city that have been waiting for road, sewer and sidewalk replacements in excess of 30 years. So no the costs were not tacked on to EM dishonestly. What was dishonest was trying to claim that those costs were already in the capital budget between now and 2014 and then trying to subtract them from the cost of building on a green field."

If I read the city report correctly I think that infrastructure costs were to be paid from a fund that would be fiananced, years later, by development charges. Development charges that would be lost if a stadium were to be buuilt at EM.

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