11-27-2017, 11:42 AM
(11-27-2017, 09:25 AM)MidTowner Wrote: She was under the impression that Kitchener has vastly more debt than Waterloo. On a per capita basis, it's less. And, here we go, it's actually being paid off. That's not so usual around here.
Waterloo has only $16M of long-term debt -- but that excludes $48M for RIM Park, which carries a rather high 7.5% interest rate, too. The overall per capita debt burden is arguably significantly higher than that of Kitchener.