Quote:
Originally Posted by 4X4
Have we figured out yet, where we're going to house all the athletes and trainers and journalists for this? Last I checked, the condo market in Calgary is pretty saturated. Sure, that's today, and not in 8 years, but it was also the case 8 years ago. Building a 1,000+ unit Olympic Village that hits the market the day after everyone leaves could affect a lot of local real estate owners.
I haven't read any reports, I just sort of hear things on the news and whatnot, so I'm sure someone has delved into this. If anyone has read up on the projected impact on our real estate market, I'd like to read what you've read.
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In the version of the report to council that was made public, the information about the location of the athlete's village was redacted. However, reading between the lines about some of the stuff written about the proposed athlete's village location, I believe the suggestion is to build it somewhere in Victoria Park. My guess is where the bus barn currently is.
There was also some speculation that the land west of Macleod Trail, between Lindsay Park and 25th Ave could be used to build athlete or media accommodations. I'm not sure what the plan is for that land now.