[News] Calgary, Alberta, & CSEC agree in principle to $1.223bn Event Centre + infrastructure

[FormerPresJamesTaylor]

Originally Posted by Demzy84

By my calculation, he’s paying about 25%….wouldn’t call that free

Divide that by what 5-6? Edwards is the chairman but one of like six or seven owners.

[UnitedFlames]

hmmm... "Cash deal, no extra cost to taxpayers."

[Monahammer]

Hahahhahahahahahahhahahahahahahahahahahhaahaaaaaa


Is there anyone on earth who doesn't know who owns the Premier now? It was pretty obvious already with the insertion of guys like Simpson into Alberta Energy, but this is just *chef's kiss*

Katz is going to literally #### himself.

[Reggie Dunlop]

Originally Posted by nik-

None of your jokes are landing my dude, maybe just take a break.

I'm serious

[the-rasta-masta]

Originally Posted by nik-

None of your jokes are landing my dude, maybe just take a break.

I laughed.

[FormerPresJamesTaylor]

Originally Posted by nik-

None of your jokes are landing my dude, maybe just take a break.

He had me at the 4th goal gif

[Cycling76er]

Well, I should have some time to get back to Calgary to watch one last game at the 'Dome. Haven't been since 2012.

[Jordan!]

And the city can’t collect property taxes as it owns the building. Lmaoooo

[Reggie Dunlop]

Rick Bell asks about the election.

What if that mean Rachel Notley gets in?

[SuperMatt18]

Originally Posted by nik-

Flames throw tantrum and get an even bigger cookie as a reward.

Honestly just embarrassing.

Blame the city and Gondek for that one.

The first deal was fair IMO, and it was obvious they would have been better off eating that $25M for solar panels and roads instead of reneging on the deal. Especially since the Flames had agreed to pay the overrun for the original deal. M

Now instead of ~$350M from the initial deal the city is on the hook for $500M+.

I'll be honest spending $1.2B and not getting a new stadium out of it too kind of stings. I would love to see if they could get something similar to Juventus stadium that was posted for around $300M.

I've been to that stadium and it's not fancy but was super practical and was a good stadium.

[Johnny Makarov]

Originally Posted by Reggie Dunlop

I'm serious

New project is BIG! Big is good!

[traptor]

As a flames fan it's exciting to get a new arena.

As a calgarian, the city and province is getting absolutely screwed.

The rich get richer...

[nik-]

Originally Posted by SuperMatt18

Blame the city and Gondek for that one.

The first deal was fair IMO, and it was obvious they would have been better off eating that $25M for solar panels and roads instead of reneging on the deal. Especially since the Flames had agreed to pay the overrun for the original deal. M

Now instead of ~$350M from the initial deal the city is on the hook for $500M+.

I'll be honest spending $1.2B and not getting a new stadium out of it too kind of stings. I would love to see if they could get something similar to Juventus stadium that was posted for around $300M.

I've been to that stadium and it's not fancy but was super practical and was a good stadium.

Oh look, another person that doesn't know, or just ignores, that that cost change was part of the original deal.

[BlackArcher101]

Originally Posted by tvp2003

So CSEC still puts up around what it was going to (taking into account shared cost overruns in the original deal).

The City puts in an extra $220m or so, and the province matches that by 1.5x which equals $330m to get this built and to include some additional amenities (like the community rink).

Seems like a good deal?

Does that imply the cost has gone up $550mil then?

[Bonded]

Originally Posted by tvp2003

So CSEC still puts up around what it was going to (taking into account shared cost overruns in the original deal).

The City puts in an extra $220m or so, and the province matches that by 1.5x which equals $330m to get this built and to include some additional amenities (like the community rink).

Seems like a good deal?

The additional amenities and infrastructure will have to be significantly in Calgary’s interest to make it similar to the last deal. Murray gets a crazy break by not putting the cash up front as well.

[Johnny Makarov]

Originally Posted by Jordan!

And the city can’t collect property taxes as it owns the building. Lmaoooo

LOL. Are you no longer a Coyote fan?

[GullFoss]

Who is going to own this facility? Is there going to be a ticket tax?

If you assume an $6 per ticket facility tax, it basically pays for CSEC's portion of $17m per year...

[Derek Sutton]

What is the timeline for the definitive agreement stage?? Like give us these details people.

[Reggie Dunlop]

I wish I was as funny as John Bean.

[Lanny_McDonald]

Beane with a mic drop moment.