Quote:
Originally Posted by Enoch Root
Which begs the question: how much more quickly would the area develop if the complex were built?
But you can also look at the question in a more critical way, which is: does the project in fact result in the area getting cleaned up and developed, as opposed to sitting idle for the indefinite future, which is currently the case?
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Personally I think the area stands a better chance without CalgaryNEXT than with it simply by virtue of the fact that the financial case makes more sense. You could probably achieve enough development to pay back the necessary initial outlay of capital.
Less capital and more developable land = more "profitable"
More capital and less developable land = less "profitable"
You might also then be able to realign Bow Trail which would unlock what's actually appealing about this location, which is being riverfront.