Quote:
Originally Posted by Kavvy
What are you talking about?
You posted this in response to someone saying that Flames wouldn't own the land for the condo's as the city would sell the valuable land to developers.
The project doesn't get completed unless the contamination gets cleaned up, and as the Flames aren't paying for that contamination, they shouldn't get the land.
If the project goes ahead, the land gets cleaned. The city owned land is now valuable as hell.
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Follow along...
Quote:
Originally Posted by powderjunkie
The city isn't asking us to fund a massive project. You can bet they will/would have a better plan when they are ready to actually forward
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And when is this magical date when they move forward? They have been sitting on this land for decades. Plans have come and gone, and no one has ever stepped up to make this site work. The clean up has always been contingent on a development commitment and the commitment has always been contingent on the remediation being completed with no costs going to the developer. Hence it has never been developed. What value does the land have if there is such a large roadblock to development? Again, this has been sitting there for decades. Seems to me that whatever happens at this site the tax payers are going to be left holding the bag. The only question here is how much is the bill going to be and what type of benefit will we get once the development takes place.