Quote:
Originally Posted by Faust
Jeromy (Pathfinder) Farkas @JeromyYYC
We could've saved the original arena deal by putting in $30M in Dec 2021. Instead, Gondek & Smith negotiated a new deal -- now with no revenue stream back to the City -- costing #yyc taxpayers $250M and provincial taxpayers $330M more. Genuinely impressive. #yyccc #abpoli
https://twitter.com/jeromyyyc/status...789036034?s=21 |
The costs of the project didn’t double in the past year so either key elements of the scope were excluded or the project was going to be 250 million over budget and CESC wanted to get out of their cost over run guarantee.