Too far of a drunken walk to the Red Mile when we're in the playoffs...
I'm assuming the stadium would be flattened, and all that land that belongs to the University would be sold to developers or used for University growth. The city gets more dense population growth, transit-oriented development, and more taxes. The Saddledome gets razed and the Stampede will use the space for something. Seems like a good idea so far.
Also, the last I heard was that the planetarium was going to be turned into an art gallery.
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