Quote:
Originally Posted by MattyC
I'm not OK with the CGYNext proposal. But they are not asking for $1 billion from the city.
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I am guilty of referencing 1B dollars so here's my justification for it.
What we know the city is paying:
- 240 million CRL
- 200 million for the field house
What we assume the city will pay:
- 300-400 million for creosote cleanup
- 100-200 million for bow trail realignment
What is likely for the city to front:
- 250 million ticket tax (funded by city, recouped from users)
Operationally, the original proposal had the City of Calgary owning the building, so they will pay all the utilities, taxes, renovations, repairs to be done.
Seems pretty close to 1B to me.