Quote:
Originally Posted by IamNotKenKing
No it hasn't. Please show me where the City has been asked to contribute more than $200MM.
I don't believe that is the CLR. To me, the CLR is new, not currently existing, money.
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The CLR would not really be "new" per se as has been described elsewhere. There's enough existing lands that this would not likely provide net "new" money that wouldn't be found by existing buildable land development. It certainly is not completely incremental.
To me (non-calgarian with no ties to Calgary outside the team), this is one of the most public friendly starting offers for a new arena out there. It's not a small ask though still. If I'm a Calgarian, even though I'm a Flames fan I'd want to see way more detail and less money from the public. Overall, the deal has great potential compared to many, many deals that have been done.
One huge hurdle though is the Flames' hesitancy in releasing this. Due to budget, economy, the Coyote's disaster and the Edmonton arena deal, there's more "Arena Deal Fatigue" than ever before and it'll be tough to overcome