Quote:
Originally Posted by Torture
Exactly. Original deal that Ryan Pike shared the City was on the hook for these types of cost overruns.
The Flames came back and said "we want CMLC removed as the developer", the City said "okay, but you're responsible for cost overruns" and they all agreed.
Now their are cost overruns and the city has offered to pay a portion but is holding the Flames to the majority.
They both *agreed* that the Flames would be on the hook for cost overruns.
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Are these additional cost overruns, part of the Event Centre construction envelope though? Maybe that's the contentious point. CSEC, sees traffic infrastructure upgrades as outside of, and irrelevant to the the scope of the Event Centre construction budget.
Perhaps, this is more a debate into the language into what is actually part of the project and what is simply the City's, irrespective of any private venture project.