I'm not sure that some posters understand that the $240M is just the starting point for the CRL amount. As far as we can tell from the presentation, that amount is only to go towards constructing the event centre. In order for there to be any development by other developers, the city will first have to install infrastructure (roads, utilities, etc.) like they did in the East Village. What that amount is, I don't know but I would guess maybe $150M to $300M if you look at the East Village's costs. And that doesn't include rerouting Bow Trail, which I feel is a necessity for this project (for reasons myself and others have already posted earlier.
On top of that, more government funding will be required for the creosote remediation (which is unclear whether the city could use CRL funding for that).
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