[dustygoon]

Originally Posted by psicodude

The city has purchased the land that GSL sits on. That has to be good news, no? Maybe this land deal has been holding the entire process up?

http://http://calgaryherald.com/business/commercial-real-estate/gsl-land-deal-fuels-speculation-of-new-arena-condo-towers

So.....the City will NOT use tax payer money to "publicly fund" part of some real estate development project (new arena complex).....

.....but they will use $37m of tax payer money to make an "opportunity acquisition" to buy land that may or may not be used for muni purposes.

Got it.