Quote:
Originally Posted by Sample00
Pardon me for bringing up a touchy subject....I dont live in Calgary anymore but can someone explain to me why the Calgary NEXXT project (the one just off Crowchild Trail with the environmentally unfriendly site) was such a bad idea?
It seems to me that would have been a great place to build a new complex and clean up an old, contaminated site.
From what I recall, CSAE wanted the city to clean up the site and "gift" them the land?
Sorry I just dont recall all the details...
A condensed version, please?
|
- City didn't want development that would cannibalize the progress of the East Village and Victoria Park.
- CSEC wanted to fund the arena via a CRL (like in Edmonton) but due to the footprint of the project, it would take up too much space to allow for the development around the arena to actually fund the CRL in the first place.
- On top of the unfeasible funding model, it didn't take into account all the added costs of remediation and improvement, which is what the City would want to use the CRL on (like they did for the East Village) rather than funding the arena and stadium/fieldhouse (which, as mentioned, wouldn't fund it anyway).
- City administration told CSEC not to bother with a proposal for that site because the city wasn't interested, and councilors and the mayor made not so subtle hints publicly that the Edmonton deal was not on the table. So the city, both council and administration, didn't like it very much when the Flames proposed a project on that site with the Edmonton funding model.
-It isn't the best site for the city's major event centre
But in one sentence:
Even if the City actually liked NEXT and was open to funding it, the proposed funding model was not feasible and made it a non-starter.