Quote:
Originally Posted by BlackRedGold25
But property values going up in the area around a new arena might cause property values elsewhere in the city to go up less than they would if a new arena is not built. These things don't happen in a vacuum.
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...? I'm trying to understand what you are saying but I don't get it.
Property values are driven by demand for the land surrounding a development.
If you build a high value/high demand property then surrounding values will go up.
Building an arena downtown won't have a negative effect on the rest of the city...except fo rmaybe Northlands and that's because it's already subsidized I believe.