Quote:
Originally Posted by You Need a Thneed
Actual plans to do serious work in the West Village area are 5-10 years away, and there is nothing really that would prevent an arena from being built there if the Flames wanted to.
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And again, the biggest issue with West Village is that it requires so much other infrastructure to become developable. For instance, from that plan you can see the realignment of Bow Trail. You also have about $100 million in environmental remediation from creosote.
If you did a CRL that included an arena, that would take up a pretty good chunk of the land, which leaves less land for other redevelopment necessary to pay back the $300-$400 million loan taken to pay for the infratructure upgrades ($400-$500 million assuming $100 million City money for the arena).
There's also the issue of opening up new land for redevelopment now, when the City is still in the early stages of redeveloping East Village and where communities like Beltline have dozens and dozens of underdeveloped high density sites.