Quote:
Originally Posted by Beatle17
The Bow wasn't included in the original application. It was added, or zoned, after the fact because the original CRL for the EV would not be feasible, or approved by the government, without the billion dollar buildings taxes included.
As to whether CSEC has the ability to develop the area, I think I would put my trust in a group of men who have developed billions of dollars of projects with all levels of government over a group of people who can't even deal with secondary suites in the city (city council has been dealing with this for years and can not even solve this simple item).
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I think this has been brought up with the problem by the city for both CalgaryNext and the Flames proposal for EV. Both proposals, the Flames said a CRL would pick up the tab for the city side; but, as EV showed, there is big risk in a CRL that isn't grounded by an anchor tenant. Who is that tenant in both proposals? The Arena will take up a huge amount of space and, according to the Flames, will pay no property taxes.
CRL's are risky, and the city or CMLC haven't denied that. They aren't used often in Calgary unlike places like Chicago - and there are reasons for that.
Comparing Oil CEO's success to City Council's futility is a laughable argument. Also, CMLC isn't City Council.
Murray Edwards and Co. surely have little clue into how to build neighbourhoods, and I am positive they are the type of guys who would say as much.