RagingIce
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Posts posted by RagingIce
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Let's see how well the Grey Cup sells when it is the main reason we are not getting a Heritage Classic that everyone has been expecting for at least 2 years.
Why don't we ask the citizens of Winnipeg which one they would rather have?
Hmmm, an either or mentality where the Bombers come in last.
And to think Miller has concerns over putting these two events so close together. What a fool.
The Grey Cup isn't selling out here either way.
It will sell out
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Meh, let them fight it out. Doesn't affect the Bombers or the province.
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Chris Matthews! Way to go man!
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Looked like a broken arm - I sure hope it isn't though.
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Can we bench pavelec for like a month now? All the guy does is let in goals
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It is still a cost to future government budgets when they need to pay the interest. So yes, the taxpayer is paying interest on infrastructure costs.
It isn't money that is magically invented because it is government.
In fact the Manitoba Governments credit rating has recently been down graded because of their debt and the deficits they run. So the cost of borrowing that money is going up.
Just because it isn't talked about in infrastructure projects doesn't mean it isn't there. People just don't like to talk or think about government debt. Ask Detroit how that goes.
The government spent an extra 200 million in debt to pay for the stadium (less when you factor in recovered money from the sale of the old stadium property) and since we are in a deficit, we will have less money available in future budgets as it will go to pay down that interest and debt had the stadium not been built.
I'm not arguing that it shouldn't have been done or paid but to think there is no cost is naive.
That is a cost.
Is there any proof that the Government took out a loan specifically for the stadium? If not, then they would've spent the money anyway, and no extra cost was incurred and no interest would have been recouped.
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Our provincial government is running a deficit of about $500M right now I believe. So it could be argued the provincial government, who fronted the money for the stadium, took out a loan to pay for it.
I suppose you could argue that, but you could argue the same with any other money the government has spent. No one's paying interest on any other infrastructure costs and we certainly don't count interest in the cost of projects when the government is in deficit.
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Interest is a taxpayer cost. The Bombers aren't paying any to the Govt. until the $10 Mil CIBC loan is paid. The $1.2 Mil the Bombers have paid goes directly to the principle, if I read things right. Interest is charged on the entire loan, not just the Bombers part of it.
4.65% on a mortgage loan is too high. 4% is more likely.
With $4.5 Mil yearly payments, the interest on the total loan won't be covered, let alone paying down any principle.
The Bombers aren't paying down the full loan, they're just paying down the $85 million. The $10M loan from CIBC has nothing to do with the taxpayers (other than potential impact on the Bombers ability to repay the $85M), and any interest paid on the $85M isn't a taxpayer cost - the Province lent $85M to the Bombers, not $85 + interest.
No one said the Bombers are paying down the full loan. The $10 mil CIBC loan means the $85 Mil repayment gets pushed back which means accruing extra interest. $85 million over 45 years at 4% compounded semi-annually, one payment per year is about 4.9 Mil per year. If the Bombers weren't paying interest, then the payment would be less than $2 Mil (1.889 * 45 = 85) per year, so no they didn't get an interest free loan.
It doesn't matter which level of government is paying the interest on the rest of the money, it's still a taxpayer cost.
I didn't say they got an interest free loan, I just said that interest isn't a taxpayer cost. The government didn't take out a loan, they loaned the money to the Bombers.
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Interest is a taxpayer cost. The Bombers aren't paying any to the Govt. until the $10 Mil CIBC loan is paid. The $1.2 Mil the Bombers have paid goes directly to the principle, if I read things right. Interest is charged on the entire loan, not just the Bombers part of it.
4.65% on a mortgage loan is too high. 4% is more likely.
With $4.5 Mil yearly payments, the interest on the total loan won't be covered, let alone paying down any principle.
The Bombers aren't paying down the full loan, they're just paying down the $85 million. The $10M loan from CIBC has nothing to do with the taxpayers (other than potential impact on the Bombers ability to repay the $85M), and any interest paid on the $85M isn't a taxpayer cost - the Province lent $85M to the Bombers, not $85 + interest.
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I thought the Bombers only owed $85 million of the total? Meaning the interest calculations should only be on the $85M
Also, why is Broadbeck talking about interest as if it's an additional cost to the taxpayer. It's the province charging the Bombers/PoloPark development money in exchange for the loan - it's not like the Province would have spent that interest money considering the stadium money would have been spent elsewhere and not invested.
EDIT: they do. Broadbeck being his usual self I see.
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trouba/enstrom, buff/chiarot, bogo/stuart in my opinion.
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overtime losses to Pittsburgh, Boston, and now Anaheim. Jets can definitely hold their own with the class of the league.
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Saw this on Darrin Bauming's twitter feed:
Shawn Lemon: “We kind of just let him run, so he wouldn't be in there on the last series. He was tired as hell running all that." #CFL
Yeah, right.
Heard on TSN1290 that one of the Stamps said that they could have caught him, but wanted them to run down the clock. No way any of the Stamps catch him.
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So this makes how many OCs that Durant has turfed? like 5?
- JohnnyOnTheSpot and IC Khari
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2
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Never noticed before Hutch catches with his right hand.
Not that it matters tho.
As long as he catches it, right?
Not fair for you to comment on that though as I can't watch it,,,,,, most Jet games are blacked out here in Kelowna…in Kelowna for H sakes!
Oh well, back to the Chicago-Anaheim game for me.
This works for whatever I want to watch. Hope it works for you:
if you have some technical expertise, you can get higher quality streams on http://reddit.com/r/nhlstreams in the stickied post. (NOTE: not strictly legal)
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I think if there ever was going to be a starting Canadian quarterback it's going to be Brandon Bridge.
TBH, I'd settle for a Canadian QB making backup. The closest we've had in recent memory is Sinopoli in Calgary at 3rd string.
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Also, if Sportsnet could arse themselves to figure out how Kroeker is pronounced, that would be great...
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is he not draft eligible?
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I hate that PI over turn. hand fighting and the db won it so badly the receiver lost his balance and fell AND that ball was so over thrown it was uncatchable if you ask me.
The CFL should scrap the PI challenge next year. I would be OK with it if it was only used automatically as a part of the review on TDs and Turnovers, but the coach's challenge has turned into a joke this year.
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Bombers should take note of how Hamilton does their Jumbotron. Using the whole thing for footage looks glorious.
We're the only stadium in the league to my knowledge that has ads on it.
Well, a bunch have physical ads beside their boards like we used to, but agreed.
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Bombers should take note of how Hamilton does their Jumbotron. Using the whole thing for footage looks glorious.
- Blueandgold, Fred C Dobbs and Mr Dee
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What a game. Too bad Yantz is done
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WOOOOOW
Scott Mitchell
2015 NHL ALL STAR GAME ... yawn ...
in Winnipeg Jets Discussion
Posted
The All-Star game is useless. I don't understand why the big four sports insist on having them.