Quote:
Originally Posted by tvp2003
For all the complaining about the fieldhouse and the arena, and how the City is getting nothing out of the deal, I believe its the residential and commercial development (the stuff in yellow) that is the big carrot for the City. All of that land (which looks to be the same size footprint as the fieldhouse/arena) is currently contaminated and underutilized. If there is enough incentive and impetus to get that cleaned up for redevelopment, the City can surely sell that land for a pretty hefty sum. The property taxes (subject to the CRL) would follow.
I also note that the land in yellow is right on the water, as Bow Trail cuts underneath. While there will need to be underpasses or bridges to get from there to the fieldhouse/arena (based on the current alignment), its a small price to pay for what could be a really nice chunk of land after it is remediated. |
There is just no evidence that development would be greater with the arena, than it would be without. It's already well understood in City Hall that once East Village is sustainable the WV is the next area to focus. Development will come without the arena