Xray_Crystal_Junkie
Senior Member
The Toronto Star just published this article :
City aquarium project nears final approval
http://www.thestar.com/news/article/932475--city-aquarium-project-nears-final-approval?bn=1
According to the Star the three levels of government will contribute $30 Million in TAXPAYER money to this private venture (by Billionaire Jim Pattison).
Well the local tax money going to this project is in the form of tax breaks. I'm pretty staunchly against corporate welfare but this does seem like it will be a great attraction and that's tax money we wouldn't be collecting anyway without the thing being built. As for the federal tax money, appears that will take the form of improvements to the leased land by the owner. To me thats a pretty reasonable request from the new tenant who will be paying a bunch of rent for many years to come, especially considereing the current state of the area and the tourist crowd they're trying to attract.