How is NMC a vanity project?
In purely economic terms it is good for the city. Sled Island brought in $3 M in economic activity in just 4 days last year. Imagine what NMC can do with the Junos and events throughout the year.
The intangible benefits are even greater. 2016 has been declared the Year of Music in Calgary.
How it was funded:
http://www.calgaryherald.com/enterta...981/story.html
$25 M each from three levels of government. NMC raised a slightly larger amount itself to make it happen.
Bell is a sponsor for 12 years at $10 M.