Quote:
Originally Posted by Jacks
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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80 million for McMahon
The housing number is suspect as to how it ends up. 20% is market housing. Then an unknown amount is near market, student, and indigenous, then something like 600 units of low income. For what should be the focal point of the yes side it’s really ambiguous. I’ve been hoping to see a much better breakdown in terms of what gets left in terms of housing from the games and what it is sold for to determine the real public benefit
The best I can find on the housing side is
https://www.google.ca/amp/s/www.thes...ntil-2026.html
Quote:
Athletes’ villages planned for Calgary and Canmore would later be turned into long-term housing, with the Calgary development converted into 70 affordable, 140 attainable or near-market and 500 market units. The Canmore village would become more than 240 affordable housing units.
BidCo says the ultimate result of the investment in housing includes at least 600 units of affordable housing, a 200-unit subsidized housing complex for seniors, and urban Indigenous housing that “may be modelled after successful projects in other cities.”
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What is the definition of affordable housing? How does 70+240 add to 600 Any if anyone has seen a good breakdown where the math adds up I’d love to see it because if it were 2800 units of affordable housing then that becomes a pretty significant legacy piece that is not being talked about enough.
This article implies 2800 - 500 market units = 2300 below market with 583 million spent on housing. So what could be up to a 400 million benefit all of the non-market was given away.
https://www.google.ca/amp/s/www.theg...re-affordable/
My assumption which could be wrong is that you end up with 800 units of subsidized housing plus the indigenous and student components of a few hundred each and the remainder sold off attainable homes style. The gap between the 800 named units and 2300 non-market number is tough to parse.
300 million new flames arena — if this does get added before the referendum it makes the bid much more compelling
200 million fieldhouse
80 million McMahon
200 million housing???????
40 million Oval
20 million Nordic center
20 million sliding center
??? Million new Nakiska ski hill
???? Million upgrades to BMO center
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For 1.7 billion dollars.