Quote:
Originally Posted by Infinit47
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.
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How does the city and CSEC going 50-50 take away from the public realm? It would free up more city money to spend on the public spaces, while CSECs share can go to the private ones, because they don’t give a crap about any public spaces which is why they’re trying to privatize as much of the public realm as they can. Public spaces take away controllable private ones which mean less revenue opportunity.
It’s a private venue. It is only good for the owner and in each iteration of the deals it has gotten worse for the public and public spaces and better for the private owner tying up more public money that could have gone to the public spaces.