Quote:
Originally Posted by 420since1974
The Field House money has already been approved by City Council, they just haven't decided where to put it.
The cost of remediation/decontamination of the former Domtar (out of business) creosote plant will eventually have to be borne by the city and the province.
They simply cannot continue to allow it to flow across the Bow River into the Hillhurst community indefinitely.
The above two items are approximately 1/2 the cost of the proposed project.
IMHO, it's only the other 1/2 of the money that's truly up for debate.
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The field house has been identified as a priority project, but it does not yet have a source of funding to actually make it happen (Foothills was the identified site, but this proposal would have it moved to co-locate with the stadium).
The creosote contamination - its remediation or risk management will depend on what's ultimately done with the land and the cost-benefit. If hypothetically it costed $400 million to clean up for purposes of development, the City could decide nothing but a park on top with containment and risk management could ever be financially feasible.
CRL is a City cost in the form of foregone general revenue (at some increment) for a period of say 20 years.