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

[EldrickOnIce]

Originally Posted by CroFlames

The first comment on the article is "NO PUBLIC MONEY". Some people need to learn economics is all I can say.

Public money can come in lots of different forms. American Dream Mall is a colossal example of tax breaks combined with other complicated monetary incentives to developers. Not advocating similar, just saying there are as many alternatives to straight up 'public money' as tax attorneys can come up with...

Who’s Footing the Bill?
Last November, the EDA approved its largest tax break ever to help Triple Five finish construction. Under the terms, the developer is eligible for up to $390 million in tax breaks over the next 20 years.

At the same time, the state’s Local Finance Board approved a complicated deal between Triple Five and East Rutherford that has the borough monetizing anticipated developer Payment in Lieu of Taxes (PILOT) payments as bonds. These bonds, which have yet to be issued, are expected to be purchased by the Bergen County Improvement Authority (BCIA), which then plans to turn around and package them with additional bonds secured with the $390 million in expected tax breaks from the EDA. Together, these bond issues are expected to result in over $500 million in upfront cash to help finish construction.

The developer will avoid municipal tax payments by giving East Rutherford an immediate $20 million to pay off debt on its new justice center and more than $80 million over the next three decades.

http://www.njspotlight.com/stories/1...ing-this-time/

[Fighting Banana Slug]

Announcement weeks away - 250-300 weeks away.

[Beatle17]

Originally Posted by Flash Walken

So it's been nearly 3 years since they had to 'reset'.

It's been 2 years since Ron MacLean said the new arena project would be downtown.

I've lost count of the amount of times Ken King has mentioned the arena without actually divulging any information about the arena.

Maybe just shut up about it.

Why does it bother you so much? Do you have a personal or financial stake in things or could you do a better job of a construction job of this size? I take any information that Muta and others supply as a good sign and look forward to hearing the plans.

[Ozy_Flame]

Keep in mind there is likely a gag order in place for many involved. Nothing can be specifically revealed this early in the process.

[northcrunk]

News coming up on the Fan 960

[Robbob]

Figures the first place they would release the renderings is on radio.

[Robbob]

Just the Ken King interview from the morning show

[Flash Walken]

Originally Posted by Beatle17

Why does it bother you so much? Do you have a personal or financial stake in things or could you do a better job of a construction job of this size? I take any information that Muta and others supply as a good sign and look forward to hearing the plans.

It pretty much doesn't bother me at all except for clicking on this thread expecting info and getting assurances from King that I'm going to love it.

I have little patience for salesmen and soothsayers I guess.

[northcrunk]

Nevermind - Recapping Ken King from Mookie and Billy Jo

[Beatle17]

Originally Posted by Flash Walken

It pretty much doesn't bother me at all except for clicking on this thread expecting info and getting assurances from King that I'm going to love it.

I have little patience for salesmen and soothsayers I guess.

I can understand your frustration but if it bothers you that much then just take a break and wait until it is announced as done. It would be a lot less stressful on yourself.

[mhsyyc]

I guess the Fan has nothing better to talk about.

I'm in the camp that says most of us have absolutely no idea how big and complex planning something like this is. I'm perfectly fine with them taking the time and doing it right. I also believe that KK - a guy who I have absolutely no time for - is between a rock and a hard place when it comes to talking about this stuff. I don't think he seeks out a venue to talk about a new arena but I'm sure he gets asked all the time.

I think what we'll see will probably blow our socks off. I'd much rather that than slap dash plan that satisfies our desire for quick easy fixes.

[habernac]

Originally Posted by Muta

To put things in a bit of perspective, the South Health Campus, one of the largest projects in Calgary's history, took eight years to design and build (2005 - 2013), and another ten years of discussions and pre-work before that. That project literally spanned almost two decades.

Large scale projects, especially ones that could involve public funding on some level (maybe there's even Olympic ambitions here), take time.

you'd think after all that, they'd come up with a name that doesn't sound like everyone has a lisp when they try to pronounce it.

[Barnes]

Originally Posted by mhsyyc

I guess the Fan has nothing better to talk about.

I'm in the camp that says most of us have absolutely no idea how big and complex planning something like this is. I'm perfectly fine with them taking the time and doing it right. I also believe that KK - a guy who I have absolutely no time for - is between a rock and a hard place when it comes to talking about this stuff. I don't think he seeks out a venue to talk about a new arena but I'm sure he gets asked all the time.

I think what we'll see will probably blow our socks off. I'd much rather that than slap dash plan that satisfies our desire for quick easy fixes.

He gets asked about it because he talks about it.

It is continually said that the Flames want to do it right and are waiting to have all their ducks in a row. Wouldn't some of these ducks have to be a location and anything that would be required of the City?

Does anyone expect that the Flames will come out and say here its is, this is how we'll build it and this is the plan to pay for it. If they do, great, good job, and the silence totally makes sense. If they come out and say here it is, help us pay for X, Y, Z because that's what Edmonton got they will be grilled by citizens and the City. We may not even see plans after the Mayor is "briefed" if there is any public money required for anything like infrastructure outside of what is currently funded.

The plan may blow our socks off but without knowing the specifics of how and where, I can't have any confidence in the plan other then they paid some people to draw up some really cool ideas.

[BigFlameDog]

Originally Posted by Bunk

If it's West Village, my guess would be at minimum 5 years worth of remediation and infrastructure work before they could even break ground on the actual arena. It's a tough site from this point of view.

Can't remember how long it took but they remediated a large chunk of land in Cochrane for the same reason......they basically removed all the dirt down to x' cleaned it and brought it back.

Definitely did't take 5 years.

[Weitz]

Originally Posted by Barnes

He gets asked about it because he talks about it.

It is continually said that the Flames want to do it right and are waiting to have all their ducks in a row. Wouldn't some of these ducks have to be a location and anything that would be required of the City?

Does anyone expect that the Flames will come out and say here its is, this is how we'll build it and this is the plan to pay for it. If they do, great, good job, and the silence totally makes sense. If they come out and say here it is, help us pay for X, Y, Z because that's what Edmonton got they will be grilled by citizens and the City. We may not even see plans after the Mayor is "briefed" if there is any public money required for anything like infrastructure outside of what is currently funded.

The plan may blow our socks off but without knowing the specifics of how and where, I can't have any confidence in the plan other then they paid some people to draw up some really cool ideas.

I am pretty sure anything required public money would have to run by taxpayers through open houses and what not prior to getting any support.

[GoinAllTheWay]

Originally Posted by Muta

Believe it or not, SpaceX has been looking to have some sort of Canadian presence. That's all I'm going to say.

Haha I'm just kidding.

Or am I?

Sooooooo what you are saying is the new arena is going to have a stadium, bars and a rocket launcher??

[Gaudfather]

[QUOTE=GoinAllTheWay;5170602]Sooooooo what you are saying is the new arena is going to have a stadium, bars and a rocket launcher??[/QUOTE]

Yes - It will shorten the travel time on those East Coast road trips!

[Bunk]

Originally Posted by BigFlameDog

Can't remember how long it took but they remediated a large chunk of land in Cochrane for the same reason......they basically removed all the dirt down to x' cleaned it and brought it back.

Definitely did't take 5 years.

I'm talking about designing, planning and approving the district's land use and transportation networks with this new use in play, planning and executing the level of soil remediation required (it is massive), and then building infrastructure like Bow Trail. This is a lot of planning and construction before a building can start. This is aside from the time required to agree to a financing structure and deal assuming there's a publicly funded component (which itself took years, for example, in Edmonton).

East Village was a relatively simple enterprise and not a single building is yet complete (10 years on from when its current Area Redvelopment Plan was approved). There's a lot of steps. One advantage now though is that CMLC is already established to manage redevelopment if they end up going that route.

[Muta]

Originally Posted by GoinAllTheWay

Sooooooo what you are saying is the new arena is going to have a stadium, bars and a rocket launcher??

You can get VIP service from your house. SpaceX will have a shuttle that will pick you up and drop you off at the Glenmore Reservoir (where the new launch pad is being built) and then their Endurance-type spacecraft will take you to the heavens before descending (and I do stress descending) into your final destination, the new arena. You get a $25 credit for your next booking, too!

[BigFlameDog]

Originally Posted by Bunk

I'm talking about designing, planning and approving the district's land use and transportation networks with this new use in play, planning and executing the level of soil remediation required (it is massive), and then building infrastructure like Bow Trail. This is a lot of planning and construction before a building can start. This is aside from the time required to agree to a financing structure and deal (which itself took years, for example, in Edmonton).

East Village was a relatively simple enterprise and not a single building is yet complete (10 years on from when it's current Area Redvelopment Plan was approved). There's a lot of steps.

Sorry, I thought you were just talking about the remediation job ahead of them. They must have a pretty good idea if the cleanup required, I'm sure the city must have a study somewhere.

The land size they had to clean in Cochrane was huge...probably bigger than they will need for whatever they have planned....and it was creosote. Big job but once they got moving on it they went relatively quick.