Quote:
Originally Posted by Frequitude
Sorry, a little delayed in responding. You are spot on.
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Now I'm delayed in responding, haven't been back in this thread in a while.
I don't think that's accurate then. The fact that $100M dollars today won't have the same value it does in 10 years isn't relevant in my opinion. If the cities estimate to clean up the area today is $100M lets say (I can't remember what they said, but the actual number doesn't matter), it's not going to be $100M ten years from now when they want to do it. The cost of cleaning it up 10 years from now will likely increase at the same "discount rate" (in your example 5%) that you figured would make it cheaper to do in 10 years.
Things don't get cheaper in the future, they tend to get more expensive and cost more. The city will have to do re-calculate the clean up costs 10 years from now, and inflation will simply drive that cost up.
The issue with cleaning up now versus later for the city is likely more of a budgeting and planning issue. When do they want to spend the money on the clean up (if at all), and if they get pushed to do it now by the Flames or anyone else, what other projects get tabled and don't move forward because they allocated the funds away from them to the west village or how do they fund this as an extra investment.
To me, outside of the city not being sure we need / want this scope of project, the biggest thing is they want it on the East side of DT:
1. Because it likely aligns with the funding / planning they are allocating to the East Village already (so developing that area is already in scope during the proposed time frame)
2. They do want tie in with the Stampede, keep the "event" locations in close proximity.
