Quote:
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Brown says it doesn’t make sense for the organization to pursue the office market right now as long as the city grapples with a high downtown vacancy rate that is in the neighbourhood of 25 per cent.
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Compare this to how the Flames have been operating, trying to copy Katz and the Oilers deal so much that King would go on and say something stupid like this:
And while the city is suffering an extreme surplus of office space downtown, and a 27.7 per cent vacancy rate, King let slip that he fancies more office space in his future Calgary arena neighbourhood: “By the way I think there probably will be an office tower. I have somebody who wants to build one here,” he told reporters. “But god forbid, we have empty office towers down there, so we’ll exacerbate the problem—I probably slipped in saying that. Wasn’t a planned slip; I can mess up on my own.”
http://www.macleans.ca/news/canada/t...-arena-debate/
CSEC wants a new arena and wants to be the big players in development. But they don't actually want to build the arena themselves and don't know what they're doing when it comes to development. They just look up North and think it can be copy and pasted down here.