We don't know all the details yet, so the deal could end up being financially better for the city than it first appears. Or of course it could get worse. Either way I want to see the details before I turn on my rage-o-matic.
Second, let's not pretend this $570mil investment from the city will have zero return. It will undoubtedly spur some level of economic returns to the city. It's very unlikely the city will recover it's full investment or actually make any money, but that's not really the bar for public investment.
Instead of building an arena in the middle of a parking lot that really is only good for the owner the city is trying to upsize the project to create a usable public space - at least that's my take on it.
I'd rather have the city spend $570mil and end up with a great public space than have the city and CSEC go 50-50 on a building that ends up being Saddledome 2.0...a lonely building surrounded by parking lots.
Last edited by Infinit47; 04-27-2023 at 09:32 AM.
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