So just some back of napkin numbers.
Public funding $3000M + 300M for 1/2 of new arena = 3.3B
Round it up to 3.5B to get to max fed funding.
- Feds $1.75B
- Province $1B? someone should ask Kenney again now that we have more info
Leaves total city contribution at 750M?
- $xxM? for upkeep of facilities that we have to pay regardless
Guessing that leaves $700M in new spending?
For that we get:
New fieldhouse for which he have already planned $200M
New arena which we are going to have to pay $200-$300M eventually regardless
Upgrades to McMahon which are desperately needed
All existing Olympic venues updated + some new ones
2800? new housing units for low cost / seniors / indigenous / students
The games themselves
Other benefits?
Can someone who isn't entrenched against a bid no matter what fill in any of those blanks?
Doesn't look that bad to me.
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