Quote:
Originally Posted by CaptainCrunch
If anyone thinks that that building is going to come in at $605 M they're nuts.
Edmonton will end up owning their own version of Montreal's Olympic Stadium.
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Look, let me preface this by saying that I'm all for government funding for a new arena but if the flames only put up 23.8 million cash for a $600 million project I'd flip my lid.
http://www.edmonton.ca/city_governme...-approved.aspx
- $279-million from Community Revitalization Levy (CRL) and other incremental revenues (increased parking revenue, reallocation of existing subsidy paid to Northlands and new taxes from business in the arena)
- $125-million from ticket surcharge on all events in the new arena
- $137.81-million from lease revenue for the Arena
- $23.68-million in cash from EAC
- $25-million from other government sources