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Originally Posted by CorsiHockeyLeague
Which makes me totally baffled as to why they'd do this on a ~5 billion dollar basis. $6.4 billion in 2010 dollars is about 7.5 today. Say you did a $7b bid - that's still a pretty low total relatively speaking, and you'd end up with all the "stuff" that people want out of it in terms of infrastructures and arenas. Seems like the appropriate middle ground.
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I used US Dollars.
Adjusted for inflation and at the current exchange rate for US bucks, Vancouver spent $9.62 billion.
A simple Flames arena can be built for about $400 million. Mosaic Stadium cost about $278 million. Calgary could probably have new pro sports stadiums with this bid for $6B CDN, possibly less given that CSEC would kick in as well, and efficiencies could be found doing combined Field House/sporting venue facilities. Also, spending on the Saddledome and MacMahon could also be removed/accounted for pending new facilities.
With the IOC kicking in 2.23, Assume the Flames kick in 200 mil, and public spending kicks in 3B, the City would be spending in the neighborhood of $750 million to get new facilities for the Stamps and Flames, a new field house, a new mid-sized arena, a dearth of upgrades to existing buildings, and likely a spike in immediate and long-term tourist dollar spending.
For reference, the new City of Calgary Central Library will cost $245 million.
Assuming new Flames and Stamps facilities are worked in, it doesn't seem like that bad of a deal, at least in my books.