Quote:
Originally Posted by Muta
That area is being built up though. There's been lots of commercial and residential development around the arena, and that entire area in gentrifying. It will only be a matter of time before the land north of that arena develops too. I think it's quite premature to suggest it hasn't worked.
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You can't look at that CRL covering the Arena District in a vacuum. The issue in Edmonton is they now have two competing CRL's, with a limited amount of development money to go around, it's harder for new tax revenue to pay off the loans. Development shifted from the Quarters CRL to the Capital City CRL (including the ice district). They stole from Peter to pay Paul.
CRL's are dubious at best, and Edmonton went full Oilers by creating two that compete with each other.
Maybe they should rename these the Draisatle CRL and the McDavid CRL.