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Originally Posted by Locke
CalgaryNEXT was a fiasco, but overall I thought the financial structure of this proposal appeared fairly sound.
Ultimately I'm not entirely convinced of any single reason this proposal failed other than general mistrust between the two concerned parties.
The cost increases are substantial but not necessarily deal-breakers.
Right now it looks more to me like the crux of this was 'Death by a Thousand Cuts.'
Between escalating costs, economic uncertainty, pandemic losses and on and on...the inherent lack of trust eroded the foundation to the point where additional hurdles couldnt be surmounted together.
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CalgaryNEXT is the real reason this recent deal isn't happening. Ken King flubbed that one so badly it set the entire process back years. If they had come out of the gate with something closer to the deal that just fell apart back then it would probably already be built, but King pushed so hard on his badly imagined vanity project it robbed us of what should have been several years of real progress