Quote:
Originally Posted by Delgar
I enjoyed reading your post, can I ask a question related to this and the CRL?
I wonder in this proposal who gets the benefit of developing the surrounding areas. For example, to use our friends to the north as an example, the cost of the team's investment was offset by the owner using the increased value in the surrounding lands and related development.
Is there anything like this going on in the CS&E proposal that you can comment on? Are there specific interests which stand to benefit?
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City (largely) owns the land, so it would benefit in theory from the investment. It would realize some lift in value, which would reflect in the sale price to private builders for things like condos, hotels and offices. In Edmonton the Arena Diatrict was private land with Katz Group and development Partner WAM I believe.