Quote:
Originally Posted by GGG
The problem with counting all of the affordable housing investment as an asset is its terribly expensive. We get 800 units of affordable housing for 600 million dollars. So 750k per unit. I suspect that this is becuase their are extensive renovations required between the athlete use for 3000 and the housing use for 800. So while they put 600 million in the infrastructure bin I would say only 200-400 is the actual asset value after the games.
I think a reasonable statement (assuming we get the flames arena) might be we get between 750-1 billion of infrastructure we need for 1.5 billion of provincial and city dollars and 1.5 billion from the federal money fairy.
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Affordable housing doesn't go from hosting 3000 athletes to 800 people; it's designed to house 800 low income families so probably would house at least 1600 and more likely closer to 2500.