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Originally Posted by Beatle17
Where do these numbers come from? Oh, that's right, the city did some of their own numbers and included infrastructure that has nothing to do with the direct project plus financing costs that the CalgaryNext proposal would pay back as they pay back the CRL.
What everyone needs to get their heads around is that the city will need to spend this money even if there is no project that happens. Because Bronconnier and his band of idiots (including the incompetent Joe Ceci our wonderful NDP Finance Minister) bought the creosote lands at a discount, and agreed that they would be responsible for cleanup, this land is the responsibility of the city. NO developer will ever pay to purchase the land without the cleanup being done.
As a long time citizen I hope they get something worked out to get a project done. What I hope is that the Flames build their own arena and tell the city to build their own fieldhouse (which we all know will never be done). I just wish the conversation was more fact based and less emotional based.
In every major arena/facility project I have researched there has been some sort of government involvement from tax breaks to direct cash. How the parties get to that point is negotiating between them. For Nenshi to come out and say it is done is poor leadership and political grandstanding, I guess he can go back to council today and ask for another vote on secondary suites in our neigbourhoods.
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You aren't looking at the flames numbers.
The flames looked at the cities numbers and replied and stated it would take 900 million in City funds and 450 million in flames funds to build Calgary next.
Building the field house, cleaning up the creosote and developing the west village without CalgaryNext is 500 million cheaper than the flames proposal and comes with far less risk.
So is a 500 million dollar city contribution worth it for a Stadium and an Arena.
In the absence of CalgaryNext the creosote and infrastructure requirements get paid for by the CRL instead of the CRL going to the building. CRL money is not free. It is revenue that is displaced from other areas.