Quote:
Originally Posted by FlamesFanTrev
Love this. 80 million for a 500 car parking garage. If all 500 spots are used fully for everyday for 20 years, its a break even enterprise at 22 dollars a day, excluding interest and inflation. And if every car is fully packed with ~4 people per car, it services 2000 Calgarians a day? Just how much money are these innovators that are using the building contributing?
So what your saying is that the city is funding a project that only a select minority of the cities tax payers will actually ever use, with a capital outlay that will essentially never be recouped during the whole life span of the asset, and the city is going to have to continually pay upkeep and repairs on?
Why does this sound so familiar to me?
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That space is also designed to be a tech / innovation incubation space, not just a parkade; it serves dual purposes and fits in with part of the East Village master plan. What do you have against this facility? That's about what something like that would cost.
Perhaps you prefer the parkade one block north of the new library. That might be more up your alley - cold, desolate, uninviting, derelict. Perfect for a redeveloping neighborhood!