Quote:
Originally Posted by Locke
I'm surprised that its valued so high.
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The rest of the world has finally figured out that professional sports franchises are loss leaders for real estate and development plays. The value of the Lebreton Flats deal is astronomical. It's like 7 acres of prime riverfront land that's already on an LRT line, a stones throw from Parliament & downtown, but also walking distance to central neighbourhoods that have gentrified (Hintonburg) or are rapidly doing so (Chinatown, Little Italy).
There are no slam dunks. Flames fans know this more than anyone. But my understanding is that with Melnyk gone, and with a new mayor and council that supports building a downtown arena, the Lebreton deal is sitting on a silver platter for whoever buys the team.