Quote:
Originally Posted by Bunk
My prediction re: funding proposal:
$200m cash from owners for arena
$200m ticket tax over a period of time (backdropped by owners, not City)
$200m from City for Fieldhouse/Stadium (instead of $200m City has for Foothills Fieldhouse in its capital plan - note it is unfunded still)
$100m cash from owners for Fieldhouse/Stadium
$200m borrowed through CRL (like East Village) for remediation and infrastructure
$100m from Province and/or Feds for environmental remediation and infrastructure (helping facilitate but not paying for arena/stadium for things needed anyway regardless of those facilities)
Land given by City for "free"
Boom $1 billion give or take.
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It kind of wouldn't surprise me if Hotchkiss and Seaman didn't leave a little something behind for a legacy project for the city.