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Originally Posted by SuperMatt18
Both sides pulling away from what was a $609M agreement ($321M Flames to City's $287.5M) over the extra $25.5M was stupid.
That was a 4% cost overrun at that time, and both sides should feel stupid for walking away from that over what was a 4% add on to costs.
I actually think it was a worse decision from the city IMO, my gut is next time around the Flames end up getting a better deal than what was on the table last time. Especially since CSEC was willing to fund any cost over run last time, but weren't willing to fund this $25.5M for infrastructure and climate (Solar panels).
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I agree, my belief is the Mayor thought there was no way CSEC was going to pull out of the deal over the 4% and Murray called her on it. It will end up being a way worse deal for the city this time if it comes to fruition.
Quote:
Originally Posted by GioforPM
It wasn't a goalpost change. And yes, I believe Edwards thought construction costs might drop. Or he'd get a better split.
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It was a goalpost change, the city even produced a video trying to defend there position as they said they had talked about the Solar panels with CSEC prior, but the video they produced was actually filmed after the original deal was signed. About 1 week later i believe. I think I read that in the Herald but not certain which outlet it was from. He might actually get a better deal but I don't believe it is actually going to cost him less then what he would have ended up paying originally. For example(I have no facts on this) this deal might end up being 40% CSEC, 50% City and 10% Provincial, but I believe his actual dollar amount will be more than what he would have paid through the original deal.