Quote:
Originally Posted by -TC-
Yeah....no.
That's fallacious, there is no 'big, fat, bill'.
http://www.edmonton.ca/city_governme...agreement.aspx
Further, the project has driven billions in additional development downtown, a lot of which is residential, which will in turn build the tax base, increase density and create a more active, liveable downtown. Something Edmonton sorely needs.
As the construction nears completion, we are really starting to see what it will look like and it looks pretty awesome. The pedway connecting the building to the forthcoming Winter Garden is going to be a really cool feature.
I've already got tickets to an event the month it opens, can't wait. |
Just because you have a new shiny area of downtown doesn't mean that you are getting an influx of brand new people in the area. No one from the suburbs is going to decide that it's now time to live in the CBD due to the creation of this arena district - these people don't want to be downtown to begin with.
The likely scenario is that the downtown population is already at or close to its sustainable levels based on Edmonton's economic climate. If you get a bunch of new residents or activity in the area it's probably because people have vacated another quadrant of the core to set up shop here instead.