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Province takes $56M Loss in Stadium Deal


Rich

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The Conservatives know how to spin their financial statements, by setting up a provision for the loss now, its a political win-win for them. They get to blame the NDP for the current loss provision whilst its still fresh in the minds of the public. If they do get an anchor tenant in subsequent years, they can then reverse some of the loss, resulting in a lower deficit for them (look what we did!). If things really get rosy, they'll be able to get an anchor tenant in the election year budget, thus further reducing their deficit for that year. A savvy individual would realize this as an "other item" on the income statement - but the general public will likely just be told the overall deficit (or surplus) for the year, in comparison with the deficits run by the NDP.

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24 minutes ago, nate007 said:

One winning ticket sold in... Alberta. I look forward to visiting your Whiteshell brew pub Noeller.

Not our house, unfortunately...had 3 or 4 tickets and all non-winners. Faaaaaaaaack. Praying it's my parents in the Hat, but likely some office with 20 people in on a weekly buy....

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