Quote:
Originally Posted by Regorium
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.
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+ the value of the land CalgaryNEXT will be situated on.
+ the cost of infrastructure upgrades (other than Bow Tr realignment) to make the area ready for development.