Always need new development to pay for the previous development? There's another thread talking about Ponzi schemes somewhere...Originally posted by rage2
http://calgaryherald.com/news/local-...spikes-in-2019
Kind of funny that all the bitching over the years about new suburbs draining infrastructure and funding, it was new suburbs that's been subsidizing everyone else all along.
Off-site levy is going up significantly as well this year and next, as the city was covering a larger share the past several years, so developers of a new single detached will have to pay $4.5K more in 2018 than they did in 2016 to offset infrastructure costs. The developments still aren't paying for themselves and the budget shortfall without new development shows that. Why would the water bill across the city need to go up if new developments were subsidizing old ones in any sustainable way?