Quote:
Originally Posted by GioforPM
$307.5M or thereabouts. Can’t say how much your average taxpayer bore, though.
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Probably a little more:
275
12.5 buffer
15.4 saddledome demo
10 transportation capital upgrades (signage, automated lane reversals, transit, etc.)
6.4 latest roadway stuff
=
319.3M - not including the following:
- Operational costs for mobility and event mgmt plan (aka $10M transpo capital upgrades) would be split 50/50
- Possibly a 5.4M flood mitigation component - there was some suggestion that this was included in the 10M transpo capital upgrages, which doesn't make a ton of sense; not sure if it was ever cleared up)
- Insurance premiums; risk analysis pending completed design...
- Major structural repairs (obviously impossible to put a $$ on this, but also seems silly to assume it will be $0)
- Stampede Land Swap - tough to put a FMV on the Saddledome land since the prospective buyers are pretty limited, but it is still a substantial contribution from the city.
- Land options for CSEC: Bus Barns, and at least 1 other parcel I've heard referenced verbally (ENOC?)...a lot more to unpack here, but there are legitimate concerns about whether the city would realize fair market value on these deals
- Very likely some other operational costs (though hard to say if any more/less than presently with Saddledome)
CSEC's operational inputs over the 35 year term seem to be included as the bulk of their contribution, yet these seem to be excluded on the city's side. Of course it is all very complicated, and we can debate how some of these compare to the existing situation with the dome.