Quote:
Originally Posted by Kickazzflames
*~830 Mil for the Arena.. But still crazy expensive. This will likely end up being $1.15 Billion considering overruns.
Edmonton Arena was estimated at $450 mil in 2014 and ended up at $614 mil in 2016.
I understand inflation, lack of man power and high material costs raised the estimates quite a bit but starting out at $830 mil for arena seems high, even if its nearly a decade later than Edmonton's.
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Inflation from 2016 to 2023 is 22.7% so that is $772M.
So it's pretty close just based on inflation.
The real failure here IMO was not getting a deal done back in that 2010-2015 time frame when it was already clear that we needed a new rink, but the Canadian $$ was in a much better place.
CSEC and the City really kept kicking the can down the road here and the conditions are just getting worse to build the rink.