Quote:
Originally Posted by OMG!WTF!
I think Bidco is the dysfunctional mess. Having events in Whistler and Edmonton is going to cost more in lost ticket revenues than it will save in capital spending. People aren't going to be as interested if they have to fly to other venues. And the whole concept of getting 4 billion for free was daft thinking from the start. They needed a way better pitch.
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I think that was just a ploy to not make a new arena tied to Olympic funding but a separate deal. Both to make the optics better for the budget, but also to try and maintain leverage 'We can have games in Edmonton so we don't
need a new arena for the Olympics and we're sticking with the third-third-third funding model.'
I don't think that there was any real intention of not having a new arena for the Olympics as it would mean the city and CMLC would be accepting 8 years of stagnation for their Victoria Park plans. The whole point of the CMLC taking over development from the Stampede was to end the stagnation.