Quote:
Originally Posted by Zarley
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It says there will be commercial development but does not commit to actually building anything. The reason I think the assumption works is because if I am selling something as a benefit to the buyer, I would make sure I repeatedly stated the benefit to them.
http://calgary.ctvnews.ca/video?clipId=683224 20 minute mark, he suggests development is a by-product of building a stadium. that's it.
We have heard there is a commercial component but that is all we heard. The FAQs say the development will act as a "catalyst" to commercial development, but again, no information on the source of the development.
Katz Group made it very clear that this stuff was included, because it was argued as a benefit to the proposal (which makes you think why a sports franchise would rather own the surrounding com/res components rather than the arena? perhaps rinks are crappy investments...)
I would consider any omission from the initial presentation to be telling that it is not in the current proposal.
So yes, while I am assuming the 240 doesnt include upgrades to roads and infrastructure (outside of connections to the building itself), I think it's a fair assumption given there really hasn't been any comment from the Flames that anything else is included.