This is public money, being thrown at a private project, and incurring very real business risk on revenue streams it cannot assure. If the project fails to generate the revenue forecast, the taxpayer is on the hook.
I'm more of the Klein philosophy. Government should not be in the business of being in business.
That's a good idea. The beneficiaries of the project, i.e. the people and businesses that live and work in the area *after* the project is completed, should be the ones to pay for it. However, people who owned property in the area *before* the project started will see that property increase in value, so they should pay a portion of the cost as well.
This is public money, being thrown at a private project, and incurring very real business risk on revenue streams it cannot assure. If the project fails to generate the revenue forecast, the taxpayer is on the hook.
I'm more of the Klein philosophy. Government should not be in the business of being in business.
northernhopfrog 11 months ago
That's a good idea. The beneficiaries of the project, i.e. the people and businesses that live and work in the area *after* the project is completed, should be the ones to pay for it. However, people who owned property in the area *before* the project started will see that property increase in value, so they should pay a portion of the cost as well.
sharrynuk 1 year ago