Opposites Attract

23 Jul

I don’t know who is MC Skat Kat and who is Paula Abdul in this scenario, but either way, Councillor Don Iveson and Scott Hennig of the Canadian Taxpayers Federation are in agreement about the proposed plan to use a Community Revitalization Levy (CRL) to finance a new downtown arena. In the U.S., CRL’s are called TIFs (Tax Increment Financing), and a simple search for them on Field of Schemes will tell you how often they are suggested as tools for financing stadiums in the U.S. (all the time), and how often they are a bad deal for taxpayers (all the time). This is an important piece of the arena debate, and I encourage everyone to read the pieces by Don and Scott, then watch their dance-off on the roof of what appears to be Tim Burton’s Gotham City. Just a natural fact!

Have a great weekend, everyone.

Advertisements

3 Responses to “Opposites Attract”

  1. John Holmes July 26, 2010 at 10:13 pm #

    In this discussion about a new downtown arena, are you supporting any proposal, or are you just negative about new facilities and development.

    • Andy Grabia July 27, 2010 at 1:19 pm #

      I’m not in favour of massive tax subsidy for the building of an arena for a private, for-profit business. I’m no more in favour of spending that money to help Northlands build an arena any more than I am in favour of it being used to build one for the Katz Group. I’m not opposed to public dollars being spent on facilities like libraries, pools, or recreation centres, if that is what you are asking. Those are non-profit facilities that serve the public good.

Trackbacks/Pingbacks

  1. It’s A Trap! Pt. 1 « Why Downtown? - July 27, 2010

    […] a ticket surcharge, seat licensing, and a Community Revitalization Levy (CRL). I’ll leave it to others to explain the CRL and why it’s bad for taxpayers, but I do want to share a couple of thoughts on […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s