Just for once BB try not to be such a tool.
A mistake , which was has already been acknowledged hardly qualifies as the lie of the century.
There is actually nothing wrong with a fund like Arena , be it a source of grants or concessional loans , if government money is used , it should be applied with an adequate return , either financial or social to the public purse .
Even though I dont believe this project fulfils that criteria, it is probably a fair bit better than something an orc would produce from a whiteboard.
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