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Originally Posted by Bunk
It seems very clear the $240 million CRL was proposed to be allocated to the facility itself. Infrastructure/remediation is aside from that.
http://calgarynext.com/financing-plan.php
The facility is listed at a cost of $890 million, the breakdown of which is:
$200 million Owners contribution
$250 million Ticket tax
$200 million Direct City contribution
$240 million CRL |
This is something that needs to be clarified, however what I've read suggests the costs of development are part of the plan. From the
FAQ:
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CalgaryNEXT project is an integrated facility that includes an arena event center, fieldhouse, and football stadium with commercial and residential development
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From the
CRL page:
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A CalgaryNEXT CRL would be based on a $240 million commitment that would help to initiate the development of the CalgaryNEXT project and redevelopment of Calgary’s West Village over the next two decades
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Obviously, remediation costs are a wildcard until further study is completed. If you guys have any quotes from King in the media suggesting that district development costs are not included, please share them. I haven't been able to find anything suggesting they are not part of the quoted project cost. This confusion is yet another problem stemming from the poor communication of this proposal we've seen thus far.