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Old 09-13-2017, 01:09 PM   #51
Thunderball
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Location: Calgary, AB
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Quote:
Originally Posted by Locke View Post
Sure. Show me the component that benefits the public.

I'm pretty sure thats all the Mayor has asked for. Show it.

Splitting the cost into thirds seems like a more than fair deal, but talks have broken down over that?
I suspect the Flames see one public benefit as agreeing to remain the anchor tenant of Victoria Park and spurring the entertainment/bar district that the City and the Stampede desperately want. I think the Flames expect that the City recoups their investment from those new businesses/condos/etc.

I think the 1/3 model is pretty reasonable for all sides, but the sticking point is who repays the City and as others have pointed out, that's a 9 digit spread.

I think the Flames should have some role there, but I think if the City wants Victoria Park to not be a barren wasteland between Stampede Park and East Village, they have to ante up more than an interest free loan that the Flames alone are on the hook to repay.
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