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getbak · 12-24-2018, 12:05 PM

Where things stand (publicly)...

On December 14, CMLC presented to the Event Centre Assessment Committee of city council. In the presentation, it was noted that their estimated cost to build the Rossetti "inverted bowl" design that the Flames commissioned will be $550-600 million (excluding land costs).

Also in that meeting, Ernst & Young presented their methodology for creating an Economic Impact study that will analyze the long-term impacts of the established arena/entertainment districts in other cities, notably Nashville, Columbus, and Edmonton. This report is due to council by the middle of January.

Last week, the Premier was in town to announce the 20 year extension of the "Rivers District" CRL that was originally used to fund the revitalization of the East Village. That presents a possible source of some funding. There are apparently some limitations to how that money can be used, so it might not be able to build an arena/event centre specifically, but people always seem to be able to find creative ways to make these things work.

At the end of January, council is scheduled to make decisions on the capital budget for the next few years.

12-24-2018, 12:05 PM	#997
getbak Franchise Player Join Date: Feb 2006 Location: Calgary, AB Exp:	Where things stand (publicly)... On December 14, CMLC presented to the Event Centre Assessment Committee of city council. In the presentation, it was noted that their estimated cost to build the Rossetti "inverted bowl" design that the Flames commissioned will be $550-600 million (excluding land costs). Also in that meeting, Ernst & Young presented their methodology for creating an Economic Impact study that will analyze the long-term impacts of the established arena/entertainment districts in other cities, notably Nashville, Columbus, and Edmonton. This report is due to council by the middle of January. Last week, the Premier was in town to announce the 20 year extension of the "Rivers District" CRL that was originally used to fund the revitalization of the East Village. That presents a possible source of some funding. There are apparently some limitations to how that money can be used, so it might not be able to build an arena/event centre specifically, but people always seem to be able to find creative ways to make these things work. At the end of January, council is scheduled to make decisions on the capital budget for the next few years. __________________ Turn up the good, turn down the suck!