Comment 51422

By allantaylor97 (registered) | Posted November 13, 2010 at 08:01:22

There is a lot more investment at Longwood than at Rheem (not WH nor downtown but in between BTW). Rheem was zero, Longwood is in the 10's of millions from the Tigercats alone. You may think its not enough but its not zero. I'll reserve the right to say that RTH posters grossly undervalue the investment proposals on the table and I suspect they'll reserve the right to say that I grossly exaggerate the investment proposals but the fact remains its something vs nothing from the Tigercats and nobody else has made any concrete proposal. You believe they will and are willing to walk away from $70M outside government money and I don't believe they will and am willing to wait to see the final draft before I pass judgement on whether it is a good deal or not. You don't want the Tigercats to earn any money and I'm willing to see them make a modest amount in order to minimize the ongoing costs to the city going forward. You believe a stadium can be privately financed and I don't. The real issue is what we believe is the non-monetary benefit to the city that might make it worthwhile. IMO its the same as all HECFI facilities and the AGH. None would survive privately but they contribute to the community at large justifying the investment the city made in them over the years. This investment is not about whats good for one part of the city or one unrelated pet project but rather whats makes the ENTIRE city more attractive and a better place to live maximizing the money we have available from outside sources to stretch our own dollars. Maybe this project does this, maybe it doesn't. That is a fair debate. Whats not fair is to expect private investment with no prospects of benefits from that investment

Comment edited by turbo on 2010-11-13 07:07:37

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