If that is indeed the site, I could see the province /city helping pay for contamination cleanup, and for infrastructure upgrades to Bow, Crowchild, and 14th. Also, minor upgrades to the Sunalta LRT station (upgraded pedestrian ramp over the CP tracks and Bow Trail).
With an arena/stadium as the centrepiece of a CRL, I think there could be some money available that way too. I don't think all of that comes anywhere close to $500 million, though.
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