Quote:
Originally Posted by Realtor 1
Enjoyed a breakfast event with the COO at the saddledome this morning. He says that regardless of NEXT the city acknowledges a strong need for a field house and it will happen. What would something like this cost if the city built their own?
the 240 million revitalization levy is only going to be hitting those who choose to live/own businesses in close proximity to all the project offers.
250 mill ticket tax is only for those who want to enjoy the product
200 mill from the flames organization
and the 200 mill from the city (minus whatever they would be spending to build their own....)
so my question is if the city were to build a 50-75 million dollar facility without NEXT, the actual amount being asked from taxpayers is 125-150 million of the 900 or so million.
Now take into account whatever comes from being a tourist exporter to tourist importer and it makes even more sense. (his words after speaking of at least 7 high profile concerts lost last year due to the saddledomes roof load allowance)
The more I hear the more in favor of the project I am. I do not like the designs however the concept makes more than enough sense to me
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The problem with that math is that the CRL needs to cover much more than just the building. Add another $250 million (approx)for other infrastructure upgrades
, and it becomes $500 million. Now you are left trying to pay back $500 million with only a small chunk of land left, and all of the best land gone used by the building and not paying property tax. It doesn't work.