Quote:
Originally Posted by Joborule
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.
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I would agree that CSEC should not be managing the development of the area. CMLC should do that and all the benefit of such development should go to the City.