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Old Posted Feb 1, 2013, 9:39 PM
RyeJay RyeJay is offline
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Join Date: Apr 2011
Posts: 3,086
Quote:
Originally Posted by pierremoncton View Post
Interesting article on the CBC:

Why funding new sports stadiums can be a losing bet
Building stadiums and arenas have little economic benefits for cities, research shows

http://www.cbc.ca/news/canada/story/...iums-cost.html
They wouldn't be a losing bet, if municipalities and provinces weren't also wasting money subsidising suburbs, towns, and villages with roads, water/sewer, schools, hospitals, police and fire protection, for which their low-density tax revenues do not come close to paying...

I'm not going to support the rhetorical talking point of 'a downtown events centre must be built' -- because, clearly, it doesn't. What does have to happen is an inversion of Moncton's economic growth. It must turn inward, so the City may use the infrastructure it already has, so that growth in Moncton doesn't necessitate putting more roads and public services on the credit card.
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