No money for baseball: Legault
Reading that François Legault is promising no public money for a baseball stadium only makes me wonder how it will be worded when, indeed, public money is put towards supporting the Bronfman grab for the Peel Basin.
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Kate
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david7117 15:51 on 2021-12-08 Permalink
There are all sorts of ways: picking up the cost of related infrastructure upgrades, no/low interest loans to the development entity, a bond issuance regime tailor-made for the project, 99-year lease on public land, you name it.
Three most likely that come to mind are: picking up the cost of soil decontamination and site remediation, passing a bill in the Assembly that allows stadium construction to bypass the regular permitting process, and creating a tax abatement program to minimize or eliminate tax liabilities for the development and operation of the stadium.