Flames to announce plans to announce arena plans in the... future...

[SebC]

Originally Posted by jaydub74

I'm interested in how the Flames plan to implement the new building into the surrounding area. Will be be built with vast parking lots around it or will be be more like the stadiums built in NYC, Vancouver and Toronto. No surface parking, more integrated into the surrounding community. More like a commercial building downtown.

If the Flames want the arena to have surface parking, there's one spot where that's okay, and that's on the Stampede grounds.

[kyuss275]

Originally Posted by getbak

At the STH event I attended at the end of May, that's what King said was the time frame for a public announcement. After the election but before the end of the year.

He said that before the flood. I just can't see them asking for any public funding in the next year. I do think there will be some public funding, but there is a time and place to ask for it. I expect the public announcement will not happen for another year.

[Slava]

I just hope that the stadium piece is somewhat flexible. Something where they can effectively close off an upper deck (say for something like MLS), but big enough for large crowds as well. I know its a pipe dream, but big enough for the NFL/MLB would be awesome...just because you never know I guess!

[bizaro86]

Originally Posted by You Need a Thneed

A Community Revitalization Levy funded the East village, if that helps.

Essentially, the city would fund a loan to build infrastructure, and the loan would be paid back by the future property tax growth in the area surrounding.

For example, if the arena is built in the west village using CRL money, you would see hotels and condos, etc growing up around the new arena, which would mean that more property taxes would be earned in the area. The property tax increase in the area pays back the loan.

The structure is useful for areas that are tough to get to redevelop without public help - such and East Village was, and West Village will be.

The trick is to gerrymander the boundaries of the CRL to include things that are expensive and likely to happen anyway.

For instance, the east village CRL includes the Bow, which isn't part of the east village in any real sense, and doesn't use those infrastructure upgrades. But it was getting built at the right time and will pay a lot of property tax, so it was included to make the numbers balance.

I'm not aware of any big projects on the west side of town that would provide a CRL the critical mass to be successful.

[MrMastodonFarm]

Originally Posted by TurnedTheCorner

My expectations remain extremely low.

Yeah but that sums up your thoughts about everything though.

[Freeway]

The deadline for Olympic committees to submit intents to bid to the IOC is mid-November, BTW.

[SebC]

Originally Posted by bizaro86

I'm not aware of any big projects on the west side of town that would provide a CRL the critical mass to be successful.

If the CRL is working properly, the projects that would pay back the loan would not exist prior to the infrastructure improvements, but would exist after.

The lack of major projects in the West Village is actually what makes a CRL appropriate for the area, as the baseline case is quite clearly not very good, and thus creates a bigger potential baseline-improved differential that could be borrowed against.

[stampsx2]

Originally Posted by Wolven

From what has been said so far about the West village location, the main thing that they are wanting from the public is money for cleaning up some contanimated soil and upgrading the surrounding roads. I do not believe the project is looking for help with the funding to build the actual arena/stadium.

Kind of a late post but could anyone fill me in on the contaminated soil thing in the west village?

[getbak]

Originally Posted by stampsx2

Kind of a late post but could anyone fill me in on the contaminated soil thing in the west village?

For 40 years, from the mid 1920s through the mid 1960s, there was a wood treatment plant on the edge of the Bow River west of downtown (currently where Renfrew Chrysler and GSL Chev-City are). During that time, chemicals used in the treatment seeped into the soil, contaminating the land.

There's a lot of information if you Google for, "Creosote Canada site Calgary".

http://209.91.124.56/publications/re...estigation.pdf

[TurnedTheCorner]

Originally Posted by MrMastodonFarm

Yeah but that sums up your thoughts about everything though.

[Northendzone]

Almost 9 months later and nothing concrete....looks like Ron's sources were off target.......

[Żoso]

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[fotiou22]

Originally Posted by valo403

MetLife was 100% privately funded. The new Niners stadium is supposed to be 88% privately funded.

Thanks for posting this link. With respect to the Niners stadium, the Easterbrook article explains:

Officially, the deal includes $116 million in public funding, with private capital making up the rest. At least, that’s the way the deal was announced. A new government entity, the Santa Clara Stadium Authority, is borrowing $950 million, largely from a consortium led by Goldman Sachs, to provide the majority of the “private” financing. Who are the board members of the Santa Clara Stadium Authority? The members of the Santa Clara City Council. In effect, the city of Santa Clara is providing most of the “private” funding. Should something go wrong, taxpayers will likely take the hit.

The 49ers will pay Santa Clara $24.5 million annually in rent for four decades, which makes the deal, from the team’s standpoint, a 40-year loan amortized at less than 1 percent interest. At the time of the agreement, 30-year Treasury bonds were selling for 3 percent.

[Erick Estrada]

Originally Posted by Slava

I just hope that the stadium piece is somewhat flexible. Something where they can effectively close off an upper deck (say for something like MLS), but big enough for large crowds as well. I know its a pipe dream, but big enough for the NFL/MLB would be awesome...just because you never know I guess!

I would expect something like Investors Group Field in Winnipeg with seating for 35-40K with room for expansion for larger events like ceremonies, Grey Cups, etc. The suites are one of the biggest drivers for this as that's where the Flames/Stamps are missing out on a lot of money with McMahon.

[Stay Golden]

JMO the ownership will not invest in a new Stamps stadium in my lifetime they seem very content milking that run down McMahon until it is completely unusable.
They won't invest in a new CFL stadium like almost every other team until the Stamps fans make a statement not to renew ST unless plans are being made.
The owners pay attention to their pocket books and as long as the fans keep coming ownership could care less if McMahon is eroding.
As for the Flames i regardless of KKings comments over the years that a new arena is in the works every year year after year. Edwards will not have a new arena built until the lease is close to up probably 2 years prior.
When is the lease up?
Other cities in the CFL and the NHL don't need the buildings to be falling apart and be outdated to build new facilities yet one the wealthiest cities in North America are reluctant.

[Tyler]

Originally Posted by Stay Golden

JMO the ownership will not invest in a new Stamps stadium in my lifetime they seem very content milking that run down McMahon until it is completely unusable.
They won't invest in a new CFL stadium like almost every other team until the Stamps fans make a statement not to renew ST unless plans are being made.
The owners pay attention to their pocket books and as long as the fans keep coming ownership could care less if McMahon is eroding.
As for the Flames i regardless of KKings comments over the years that a new arena is in the works every year year after year. Edwards will not have a new arena built until the lease is close to up probably 2 years prior.
When is the lease up?
Other cities in the CFL and the NHL don't need the buildings to be falling apart and be outdated to build new facilities yet one the wealthiest cities in North America are reluctant.

This post is a disaster

[Resolute 14]

To answer the one question I could understand out of that mess of a post: I believe the Flames' lease is up after this year. Perhaps next. It was a 20-year agreement out of the last renovation in 1994. Obviously they will be negotiating an extension at this point.

[Stay Golden]

http://www.canadianbusiness.com/the-...siness-people/

[Northendzone]

is it just me or is that julie dickson kind of hot!!!!

[Erick Estrada]

Originally Posted by Stay Golden

http://www.canadianbusiness.com/the-...siness-people/

What exactly is your point here outside of illustrating that Edwards is a successful and influential businesman?