[sureLoss]

Here is the Victoria Park Option report:
http://agendaminutes.calgary.ca/sire...1703372538.PDF

Looks like freeway meant this:

Proposed Development Area
Administration, CMLC, CSEC and the Stampede have discussed locating a new event centre (comprised of an NHL level arena and ancillary services to be determined), immediately north of Stampede Park on a two block site bounded by 12 Avenue, 5 Street SE, 14 Avenue SE, and Olympic Way SE. The approximate 7.2 acre site is situated within the Stampede Master Plan area and is currently used for parking and roadway. Preliminary site planning and architectural investigations have determined that there is sufficient site area for an event centre with the same specifications and details as the event centre included as part of the CalgaryNEXT design.

An event centre, ancillary mixed-use parcels, and plaza space can be accommodated within the proposed development area. Any combination of these elements may be included in a final development program. Due to the nature of ongoing discussions amongst Administration, CMLC, CSEC, and the Stampede, detailed site planning, architectural studies, and renderings have not been prepared. It is anticipated that this work will be part of the formal negotiation process.

The proposed event centre development area is owned by the Stampede. Since the existing Saddledome is owned by The City and is situated within Stampede Park, the Stampede has indicated potential support for a land exchange. The specific terms and conditions of a land exchange are subject to further discussions. The proposed event centre development area is of particular relevance to the Stampede, as the site is located within an “Entertainment Zone” identified in the Stampede Master Plan. A new event centre development area that is designed in keeping with the surrounding urban context has the potential to benefit Stampede Park and the surrounding community.


The Rivers Community Revitalization Levy (CRL) District
The proposed event centre development area is located completely within the existing Rivers CRL District. This district, established in 2007, uses a CRL to pay for new infrastructure. Existing infrastructure funded by the CRL includes 4th Street Underpass, St. Patrick’s Island, Riverwalk, pedestrian bridges, urban squares and heritage buildings. CMLC recently reforecast
revenue generation for the remaining 10 year CRL period and determined that another $150 million in CRL revenue is anticipated. This revenue will be used to fund future infrastructure projects including: Greenline LRT streetscapes, 17th Avenue extension, cycle tracks, and RiverWalk. This infrastructure could be of great benefit to the Victoria Park site.

Summary
The Victoria Park community is well suited to new event centre development. Being located in the Rivers CRL District and within proximity of the proposed Green Line LRT, the area has received, and is targeted for a significant amount of public investment. A substantial amount of existing and planned private investment has also occurred in the area, as a result of concerted urban revitalization efforts. Additionally, commercial and entertainment related development adjacent to Stampede Park is both consistent with, and supportive of the Stampede’s growth objectives.