Quote:
Originally Posted by Cappy
Edmonton's is being built downtown, and Katz is spending hundreds of millions on the property around it. The demand was there for that type of development in Edmonton, regardless of the stadium. Why would an oil company want their office next to a stadium outside of the fact that its downtown.
I don't want to get into the sources of the other ones mentioned (you forgot the tries and true Columbus and LA examples ;-)) as they have been discussed at length here.
Development begets development. Why does that have to be an arena?
WV will be fine as soon as CMLC takes care of the development of East Village. It's not news that the City wants to hold off on WV until the East Village is built up.
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Doesn't have to be an arena. But an arena works, just like any major development would (which is the point, with respect to the stimulation argument).
And the 'WV will be fine once EV is done' argument is a guess, at best. The fact of the matter is that WV, despite it's fantastic location, has never been developed. And it has a massive headwind against it
being developed. It
needs a catalyst.
An arena is not the only possible catalyst, obviously. But attempting to argue that it wouldn't be a good catalyst is really reaching, IMO.