[News] CalgaryNEXT Announcement. New arena details emerge.

[lambeburger]

Originally Posted by albertGQ

The thing I hate most about McMahon Stadium is going pee in those long urinals while wearing shorts and flip flops. I get urine splashed on my toes and ankles and then realise I haven't even started peeing yet

Rookie mistake. I never, ever go to stamps games wearing sandals.

[Addick]

Originally Posted by heep223

I'm missing your logic, or misinterpreting. Increasing the value of the land, if as in your scenario there was a shortage of sites to develop, isn't going to help a private developer. It's going to hinder the economics even further. You have to look at this from the point of view of the developer as well as the city.

As the condo capacity decreases, so too will the supply of new units. In turn, the cost of units and land upon which they can be built increases. If a developer is sitting on contaminated land, they can capture the uplift.

[Strange Brew]

Yeah hoping for some creativity and vision from the political leaders on how some of this could be financed, instead of posturing. Wouldn't it be cool to hear something like " we all agree this a fantastic opportunity to develop a beautiful part of the city. We are going to work together to find a way to make this work for all stakeholders".

[Enoch Root]

Originally Posted by Addick

As the condo capacity decreases, so too will the supply of new units. In turn, the cost of units and land upon which they can be built increases. If a developer is sitting on contaminated land, they can capture the uplift.

The contamination continues to worsen.

In all likelihood, the cost of the cleanup will rise faster than the value of the property.

[heep223]

Originally Posted by Addick

As the condo capacity decreases, so too will the supply of new units. In turn, the cost of units and land upon which they can be built increases. If a developer is sitting on contaminated land, they can capture the uplift.

Wow that's a reach. The economics don't make sense now - when the land has negative value. You're saying they'll make sense if there is less condo supply on the market which will happen if the city is developing other sites (which doesn't make sense to me - why would condo capacity decrease), therefore condo prices will rise which is accretive to the developer's returns? But you're also saying that by developing other areas, the land will increase in value (which is detrimental to the developer), so that the city will profit more when they sell it, so that it can contribute to the cleanup? or something.

Let's just leave it.

The city should and needs to contribute to the clean up and development of the W Village.

[JohnnyT]

Originally Posted by Enoch Root

The creosote issue isn't going to just go away, it will continue to get worse (and more expensive)

As someone pointed out, commercial projects aren't going to pick up the tab, they could simply develop elsewhere

So governments are going to have to address the fact that this needs to be dealt with - and the sooner the better

Table 5 suggested it could cost $2B just to do the cleanup and roadwork for a WV project - I think that is a massive over-estimate (the entire SW LRT line, including re-doing the Sarcee/17 overpass, was $1.7B). However, like the creosote, those things need to be done at some point.

So the perfect situation for governments, is to have a commercial partner that is willing to participate in the costs. And only a massive project like this could even think about incorporating the types of costs involved.

In other words, this is EXACTLY what the city needs. And politicians who can't see that are just being short-sighted.

In virtually every city around the world, water-front property is among the most desired and best-developed. When I moved to Calgary, I was absolutely shocked at how much of the river-front was either industrial, really low-end, or completely wasted altogether. Developing EV has been a massive improvement. Developing WV will do the same. It would completely revamp the city's interior.

These are the types of projects that get people to want to live downtown, which is a major goal for the city.

What is needed is co-operation, and some leaders with vision, not petty politicians that can't see beyond the next budget.

Yep, the way I see the city either jumps on this and finds a way to work with the Flames or they go else and the west village remains contaminated for the next 20+ years.

[cam_wmh]

Originally Posted by heep223

Wow that's a reach. The economics don't make sense now - when the land has negative value. You're saying they'll make sense if there is less condo supply on the market which will happen if the city is developing other sites (which doesn't make sense to me - why would condo capacity decrease), therefore condo prices will rise which is accretive to the developer's returns? But you're also saying that by developing other areas, the land will increase in value (which is detrimental to the developer), so that the city will profit more when they sell it, so that it can contribute to the cleanup? or something.

Let's just leave it.

The city should and needs to contribute to the clean up and development of the W Village.

Why does the land have negative value? What's the cost to clean it?

[corporatejay]

Originally Posted by cam_wmh

Why does the land have negative value? What's the cost to clean it?

No one is sure but Evan Wooley is quoted as saying that it has negative value, and that the cost of clean up outweighs the land value.

[heep223]

Originally Posted by cam_wmh

Why does the land have negative value? What's the cost to clean it?

All we know is "hundreds of millions". Anecdotally, the land has negative value because it costs more to remediate than the land would be worth if it was clean.

[Looch City]

Kickstarter the clean up.

[cam_wmh]

Thanks. Just read the Herald article.

[Hack&Lube]

I've heard about the contamination over the years so why can the auto dealerships and the greyhound station operate? Do the health/environmental hazards not apply to them? They've been running on that land for 30+ years!

[Weitz]

Originally Posted by Hack&Lube

I've heard about the contamination over the years so why can the auto dealerships and the greyhound station operate? Do the health/environmental hazards not apply to them? They've been running on that land for 30+ years!

I would assume it has to do with the fact they are not housing..

[MJK]

Wildrose Leader Brian Jean said provincial dollars shouldn’t go towards the CalgaryNext megaproject and he wants the NDP government to make it clear it will reject any funding request.

“This is not the time for sports arenas,” Jean said at a campaign event for the Calgary-Foothills by-election.

“I love the Flames and I’m a fan, just like I am of Edmonton and the Oilers.

What a liar, we all know it is impossible to be both.

[JBR]

Originally Posted by Hack&Lube

I've heard about the contamination over the years so why can the auto dealerships and the greyhound station operate? Do the health/environmental hazards not apply to them? They've been running on that land for 30+ years!

I'm guessing that the contamination at the Greyhound station would laugh at whatever creosote can bring to the table and the dealerships are asphalt on top of dirt. No digging or disturbing the contamination..?

[Southside]

Originally Posted by MJK

What a liar, we all know it is impossible to be both.

A politician lie? Does not compute. Terrible when politics puts a guy in that most uncomfortable position sitting on the fence.

[Addick]

Originally Posted by Enoch Root

The contamination continues to worsen.

Okay, this is a factor that would increase the area’s priority.

Originally Posted by heep223

You're saying they'll make sense if there is less condo supply on the market which will happen if the city is developing other sites (which doesn't make sense to me - why would condo capacity decrease), therefore condo prices will rise which is accretive to the developer's returns?

There is a limited amount of unused/underused land in the City Centre where condo development is viable at current construction costs and sale prices. As these sites are developed, redevelopment will shift to greyfield sites with pre-existing developments. Greyfield sites with pre-existing development have higher redevelopment costs and this increases the sale price of new units that are constructed on these sites. Over time the redevelopment of greyfield sites with higher redevelopment costs is pursued and the price of units in these complicated redevelopments are closer to the prices required to make the private remediation of contaminated brownfield sites viable.

Originally Posted by heep223

But you're also saying that by developing other areas, the land will increase in value (which is detrimental to the developer), so that the city will profit more when they sell it, so that it can contribute to the cleanup? or something.

For the above theory to work, the developer has to purchase the land prior to any substantial uplift.

[GullFoss]

THANK YOU FOR YOUR REGISTRATION TO CalgaryNEXT!
PLEASE PRINT AND PRESENT THIS CONFIRMATION EMAIL TO THE REGISTRATION TABLE ON EVENT DAY.
This printed confirmation is required to receive your one (1) ticket for entry.





CalgaryNEXT
Tuesday, August 18 @ 6pm
Doors open at 5:15pm
@ Archie Boyce Theatre (Stampede Grounds, adjacent to the Corral)
1410 Olympic Way SW


GUESTS NOT PERMITTED As noted in the original RSVP registration form, this confirmation is for the primary season ticket holder of record on your account and is non-transferable. As sessions have been filled to capacity, guests of the primary ticket holder will not be allowed entry.

Please remember to bring this confirmation email and your photo ID to receive your ticket. A boxed dinner will be provided for attendees.

PLEASE ARRIVE EARLY In order to experience the presentation with limited interruptions, please arrive early to check in for your ticket and receive your dinner.

PARKING ADVISORYAs Scotiabank Saddledome will be hosting a concert the evening of August 18, Lot A and Parkade parking will not be available to non-parking pass holders to attend CalgaryNEXT. Stampede parking fees will apply to park on Stampede Grounds. Public transportation is encouraged.

Thank you for being a ticket holder, we look forward to seeing you at the CalgaryNEXT presentation!

So...its one ticket per account, not one ticket per season ticket? That seems silly. I've already invited the other season ticket holder. What a shame

[Bunk]

I'm confirmed for the noon one. Suckas!

[Addick]

Someone over on SSP reminded me of Forsyth Barr Stadium. I wouldn't mind if this is the direction that the Flames took with the fieldhouse concept.

Spoiler!

All images are from Populous.com.