[News] Calgary, Alberta, & CSEC agree in principle to $1.223bn Event Centre + infrastructure

[AFireInside]

Originally Posted by SuperMatt18

Blame the city and Gondek for that one.

The first deal was fair IMO, and it was obvious they would have been better off eating that $25M for solar panels and roads instead of reneging on the deal. Especially since the Flames had agreed to pay the overrun for the original deal. M

Now instead of ~$350M from the initial deal the city is on the hook for $500M+.

I'll be honest spending $1.2B and not getting a new stadium out of it too kind of stings. I would love to see if they could get something similar to Juventus stadium that was posted for around $300M.

I've been to that stadium and it's not fancy but was super practical and was a good stadium.

It's very clear that this isn't what occurred.

[Demzy84]

Originally Posted by Locke

Its not 'free' but its still an outrageously good deal for him.

I would agree that’s it’s a really good deal for him, just curious how much the other aspects of the deal play into the cost? Are CSEC paying for half of the arena portion with the city, and the city is covering the cost of the community arena, outdoor gathering spaces (assuming restaurants and shops here) etc…while the province pays the infrastructure items?

[GullFoss]

Originally Posted by Gemnoble

The city owns it.

So any revenue from a facility fee per ticket accrues to the city of calgary?

[Ashasx]

Originally Posted by chummer

It was a fair question from Gilbertson, Beane didn't have to be a dick about it.

what was the question

And what did Bean say

[nik-]

Next bit of bad news will likely be that CSEC will be totally in charge of design choice and thus this will be mediocre as hell.

[Icon]

Originally Posted by Robbob

So did I hear right that essentially the money from the old deal is forwarded to this and the extra city potion is cash in hand from a sustainability fund? So city has all the funds and just needs CSEC and AB gov to pony up?

Don't really think that detail matters. If that money didn't go to this it goes to something else.

If you're eluding to will taxes go up or not as a result of this... No, but yes they always will find a reason to, so whatever.

[Reggie Dunlop]

Originally Posted by midniteowl

Are we getting a new stadium for Stampeders?

No

[mile]

Originally Posted by Gemnoble

That CSEC guy was a bit of a dick at the end.

Poor Wes lol

[Gemnoble]

Originally Posted by GullFoss

So any revenue from a facility fee per ticket accrues to the city of calgary?

The city can't charge any property tax and the tickets go to CSEC is my understanding.

[FlamesAddiction]

Originally Posted by TrentCrimmIndependent

I feel like CSEC's piece of the pie could have been larger.

I like how they grouped the province and CSEC's contributions together to make it appear 50/50, when CSEC itself is hardly touching 1/3.

I suppose if it is functioning as multiple things for the community an argument can be made though.

Just get the shovels in dirt so we don't have to think about it so much. Let's swallow the pill and be over with it.

Had to get done.

I wonder if CSEC backed off of their other demands from the last deal. I seem to recall that they wanted pretty much all the revenue from every event in the building last time.

I am curious how Edmonton's entertainment district is working out. According to some people in Edmonton, the economic activity associated with it is already making up for the investment in public money. Smith seemed to suggest the same thing in her speech today. Is that an actual fact?

[flambers]

Originally Posted by traptor

As a flames fan it's exciting to get a new arena.

As a calgarian, the city and province is getting absolutely screwed.

The rich get richer...

City is getting the green LRT, new roads, wider roads, investors (i.e. hotels etc)

Province is not investing in the arena, rather its infrastructure (roads,)

These infrastructure projects were going to occur either way.

To link them together is a great idea.

[chummer]

Originally Posted by Ashasx

what was the question

And what did Bean say

Wes asked when the arena might open, Bean said that question had been asked and answered.

[PepsiFree]

Originally Posted by chummer

It was a fair question from Gilbertson, Beane didn't have to be a dick about it.

You mean Bean, not Beane, and that was not a fair question. Every second question was the exact same. After his disastrous GM press conference, I'm giving JB an A+ on that comment.

[Shazam]

Originally Posted by Locke

Like I've said in the past, I was okay with some public money for the arena but this seems like an incredibly #####y deal for Calgarians.

Terrible deal for taxpayers, but hey whatever, the oil train is full brrrr right now and there's a general erection coming.

[Ashasx]

Originally Posted by chummer

Wes asked when the arena might open, Bean said that question had been asked and answered.

this team has to get a PR guy to fill in for Bean for any interactions with the media

[Dx54]

Originally Posted by Ashasx

what was the question

And what did Bean say

Something about what season can he expect the Flames to start playing in the new arena. And then he said something a long the line of.. "have you been listening to what the others said." Then he storms off.

[PepsiFree]

Originally Posted by Dx54

Something about what season can he expect the Flames to start playing in the new arena. And then he said something a long the line of.. "have you been listening to what the others said." Then he storms off.

"Storms off" lol

[Shazam]

Originally Posted by Dx54

Something about what season can he expect the Flames to start playing in the new arena. And then he said something a long the line of.. "have you been listening to what the others said." Then he storms off.

That guy should never be put in front of a camera.

[FlamesAddiction]

Originally Posted by Shazam

Terrible deal for taxpayers, but hey whatever, the oil train is full brrrr right now and there's a general erection coming.

I am pretty sure it's already here for a lot of people.

[Gemnoble]

Originally Posted by Ashasx

what was the question

And what did Bean say

Question: If all things go according to plan, when do you expect the Flames start play in the new arena.

Bean: What!? Have you not been listening!? I know I'm new but come on. That questions been asked and answered.

Then Bean did this "Come At Me" look.