Quote:
Originally Posted by Jay Random
$250m from ticket buyers is not from the taxpayer.
$240m in CRL is not from general tax revenues, but specifically from the taxes paid by property owners in the West Village.
Only the $200m comes from general revenues, and that was the money the city was planning to spend on the fieldhouse anyway.
The real question is whether the West Village would be developed in any meaningful way without a project like this to kickstart it. If you think it would be, then the $240m from the CRL could be spent on other things. But the history of the half-century since the creosote plant shut down makes me skeptical. The City of Calgary has had many development plans that were formally adopted but never came to anything. Look up the history of the failed 50th Avenue freeway for an example.
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If I could thank this post I would, but I think this is the big kicker and couple with it the fact the city would own all the lands and the facilities. The area has been a general wasteland since I was born. Even the condos that appeared on the westend of downtown are a blackhole of activity.