Quote:
Originally Posted by Enoch Root
You use the word can't pretty liberally (as do a lot of people in this thread). The projects discussed so far, as presented, are far from perfect or even viable. But that does not mean that there aren't solutions. There is no can't here, only challenges.
One possible variable, for instance, was that the additional funding that can be achieved through an Olympic bid, could have been a trigger to get the creosote cleaned up from other levels of government. And that would change the economics of a west village CRL substantially.
|
It really wouldn't, because the issue with the West Village CRL is that it wouldn't even be able to fund the arena/stadium. So if you get 'Olympic money' to do the clean-up, you're still left with your original funding hole that isn't viable without a massive anchor tenant that the arena/stadium prohibits. The only thing big enough to support the CRL, is being funded
by the CRL, that isn't viable. It
can't work that way.
That's the problem that is being ignored. The use of the CRL doesn't take into account the cleanup to begin with. You could have no clean-up, no infrastructure improvements, no road realignments, nothing but plopping the building down and opening up development around it and it still isn't a viable CRL.
Quote:
|
An olympic timeline also significantly reduces the overlap against the east village CRL (again, can't is inappropriate)
|
How so? If anything it maximizes the overlap required since works would have to begin really quick. The ideal time to start a CRL there would be 2029, a bit late for Olympic development to occur.