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Originally Posted by Table 5
I think it depends on how big the scope is. If the City wanted to bring the Bow/Crowchild fix into this project (which may make sense if they are doing a realignment of Bow Trail already) that part alone was estimate to cost $1B. With creosote being up to $300 million, and you add riverfront/pathway upgrades, any 14th street work, infrastructure upgrades, pedestrian bridge over the river.... and finally, the stadium/arena...$2B is not unreasonable by any means.
The Flames $1B solution is the cheap option that sacrifices quite a bit. Getting closer to $2B is probably more realistic in what that area needs to be a well designed and properly functioning community.
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The area is slated for redevelopment with or without a new arena complex as is the Crowchild corridor. The Crowchild plan, pedestrian bridge, and land remediation are costs that should not be included in the project's price tag as they will happen independent of the project.