The economics of this debate can be set up to reinforce the perspective any person has on the issue. The bigger issue is that the arena, and the Flames, are part of a bigger piece of Calgary, and city building in general.
The economics are essentially a wash, what this is about is placemaking and building something that leverages the geography of the City which both citizens and tourists frequent regularly, optimally beyond event-driven scenarios.
City building is not easy, it involves risk, but... when it works it creates places that are worthwhile and really priceless.
If someone thinks the whole area is fine as is, or we don't need an entertainment district, or even a new arena... fine... you're entitled to hold that perspective.
But that is the kind of perspective that does nothing.
I know this because I lived in Saskatchewan for 35 years where they only initiate projects when they have no other option or when there is maximal reward with minimal risk.
Bargain hunting 101.
Calgary is built on an entirely different way of entrepreneurial thought.
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