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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I like this but no way the road improvements will be satisfied by $100M. Wasn't the crowchild study something like $1 billion itself in cost? I used to speculate that the feds might pickup more of the tab in this regard (particularly for the remediation piece) but their recent funding of the Green Line LRT makes me doubt there's extra cash for Calgary....