Quote:
Originally Posted by GGG
Victoria park is coming from the CMHC master plan and is only included in the Olympic bid to get the matching federal funds. The Olympics have no bearing on that piece of infrastructure and the money the city is paying for the Olympics does not include that number(I think). 0 dollars of city or provincial or federal funds have been committed for the GreenLine as part of the Olympics. 1000 units of Affordable housing was cut from the bid. There is still 800 units in the bid.
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The deal has potential to be very valuable at the end of the day. Fact is, Calgary doesn’t have a field house and Edmonton some how has 3. The cost of a field house would be roughly $260 million. Include affordable housing along with renovations to existing infrastructure and you have yourself hundreds of millions of dollars that the city and taxpayers would eventually be on hook for anyway.
When you look at the legacy that could be created, the numerous jobs, the added tourism and worldwide marketing that the city will receive, the value is there to be a good deal. Calgary has lost a lot of luster in recent times, this could be a good way to get it back and have outsiders talking about this city and this province in a positive light again.