Quote:
Originally Posted by Bingo
I think the West Village needs a big anchor tenant to get past the clean up issue.
I think the stadium/arena plan could be that tenant if both sides can get down to it.
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As a city owned piece of infrastructure the "tenant" in this case wouldn't be paying any "rent" in the district i.e. property taxes. I'm not sure a big anchor tenant that gets to live there rent free helps get past the clean up issue.
Quote:
Originally Posted by Erick Estrada
If the Flames can't get the cleanup kick started for a megaproject are you really expecting condo developers lining up to hedge their bets on development projects on land that will cost millions to clean with no timetable and a city hall not keen on spending the money to do it?
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There would be significant differences between the project that is CalgaryNext as we know it and a condo development. Most significantly I don't imagine that condo developers will propose it as city owned condos. Meaning that the city would be selling the lots that under CS&E would remain under city ownership and would then henceforth be property tax paying assets.