Bump, thought i'd update on current situation:
Calgary Mayor Naheed Nenshi says arenas lack economic benefit for cities
http://www.calgarysun.com/2015/09/21...onomic-benefit
Quote:
Arenas don’t provide much in the way of economic benefit for cities, but that’s no reason not to build them,
“And guess what folks, that’s true, there never is, because it’s just an investment that transfers from one place to another place and there’s no reason to believe Calgary would be any different.
“And that said, that’s not a reason not to do the project or not to do any project, because the reason we have public sector investment is precisely because we try to calculate the social, environmental and external economic benefits in a way the private sector never would.
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Calgary mayor: Flames arena-stadium plan “not even in the oven yet”
http://www.fieldofschemes.com/2015/0...-the-oven-yet/
Quote:
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Just so people understand this, the amount of public investment that would be required to make that work would actually make that the largest public works project in Calgary’s history — or maybe second largest after the West LRT. So these are really, really, really big dollars. So it’s really important for us to have a conversation with Calgarians about whether hat’s a good use of public money. I have often said that public money needs to be for public benefit, not for private profit, and the question for all Calgarians now is whether there’s enough public benefit in his to justify that kind of public money.
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There’s going to be weeks and months to continue to discuss questions like “Is that the right size? Can the transportation networks support it? Is the environmental contamination just too difficult to fix?”…
Long story short, some people have said that the CalgaryNEXT proposal is half-baked. I would argue it’s not even in the oven yet.