Quote:
Originally Posted by Jay Random
This would be the East Village that is a massive sink of tax dollars, but for the arbitrary decision to redraw the boundaries to include the Bow building and take its taxes out of general revenue to mask the deficit? The East Village where the National Music Centre was supposed to be a big draw, and has turned out to be a white elephant? The East Village that is still unfinished after how many years, even while development on a far larger scale continues all over the rest of the city?
OK then.
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You expect the East Village, a 20-30 year project, to be fully built out although it has only started 10 years ago? If at that? Especially in an area that
everybody wanted to avoid beforehand? And what larger scale development has been done in a quicker fashion?
I'm not gonna get into a debate with you about this since I don't care either way, but I will say that I believe it makes most sense for CMLC to essentially manage development in that whole entire area, since they already are, and are going to release the master plan for the area surrounding the arena and Stampede Park within the next several weeks.
They have the experience of East Village which has been a big success up to this point, and complete transformed that area. No reason to believe they can't achieve the same here. Whereas CSEC has no experience whatsoever when it comes to real estate and community development. They could, and they could be successful in doing it, but I figure it would be better for them to partner up with CMLC on this, rather than try to do it solo.