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

[FormerPresJamesTaylor]

Originally Posted by Muta

Just as a reminder, the UCP's $1.4B bet on Keystone, a pipeline that even a drunk orangutan on mushrooms could have predicted wouldn't get built, could have paid for this entire project. At least we get an actual, physical building in this provincial purchase, and not an expensive hope and dream.

Which we'll pay an exorbitant amount of money to go inside each time.

[Reggie Dunlop]

Originally Posted by Royle9

...the only issue is the provincial funds aren’t guaranteed and the election could blow this up again.

And the next municipal election cycle....

It's not like CSEC haven't tried putting their own person in the mayor's chair.

Wait....

[Hockey_Ninja]

Does this event center come with a new football stadium or are the Stamps still stuck at McMahon?

[Royle9]

Originally Posted by FormerPresJamesTaylor

Which we'll pay an exorbitant amount of money to go inside each time.

To see a live event? Sure, but you do everywhere if you want to take in something like a movie, show, concert, sporting event…. How is that an argument?

Name me one place you can see a movie or watch a live professional sports team without paying a cent.

Have you been to the new event centre in Nogoodville? You can go in free and walk around anytime you wish (obviously not the arena itself)

[Cappy]

Originally Posted by Royle9

To see a live event? Sure, but you do everywhere if you want to take in something like a movie, show, concert, sporting event…. How is that an argument?

Name me one place you can see a movie or watch a live professional sports team without paying a cent.

Have you been to the new event centre in Nogoodville? You can go in free and walk around anytime you wish (obviously not the arena itself)

i dont remember the city of calgary paying for the ciniplex at Chinook .

[Bonded]

Originally Posted by Royle9

How much do people honestly think this is going to “personally screw” them as a taxpayer?
Did you honestly think/hope nothing would get done?
Did you think CSEC was going to magically put up 50%+ this time around?

This deal makes sense, the only issue is the provincial funds aren’t guaranteed and the election could blow this up again.

Vegas’ owner did it. The owners can afford to do these deals privately they just don’t have to because cities cave.

[Mathgod]

Mixed emotions. Glad a new building is finally on its way but annoyed at how little of the bill CSEC is paying.

[Reggie Dunlop]

Originally Posted by Hockey_Ninja

Does this event center come with a new football stadium or are the Stamps still stuck at McMahon?

Sounds like it.

[underGRADFlame]

How this feels…

[Jiri Hrdina]

At the risk of Bean getting mad at me, did they say anything about a timeline in terms of when they'd like to open the arena?
Trying to find that detail in 30 pages is hard.

[flambers]

Originally Posted by Hockey_Ninja

Does this event center come with a new football stadium or are the Stamps still stuck at McMahon?

CFL was never mentioned during the press conference

[nik-]

Originally Posted by Jiri Hrdina

At the risk of Bean getting made it me, did they say anything about a timeline in terms of when they'd like to open the arena?
Trying to find that detail in 30 pages is hard.

They answered that already! Idiot!

[csnarpy]

Originally Posted by GGG

“Add-ons” that are required to actually make the plan work and in general aren’t required without the plan. This is specifically written to provide cover for the province funding 330 million of “community investments”. It will be interesting to see how it plays politically.

Also hidden in the deal is the real estate transactions from the stampede to CSeC which may have significant value.

I’ll hold off judgment until more details are released.

I will too

But remember , the flames just care about getting a new rink. This is really all they want and that is $873.6M not $1.22B. I’m pretty sure their attitude is that if the province and city want to put in plazas and such, around the rink, then that’s icing but they can pay for it. It pretty much shows in the numbers.

https://www.calgary.ca/content/dam/w...tre-Update.pdf

[flambers]

Originally Posted by Jiri Hrdina

At the risk of Bean getting made it me, did they say anything about a timeline in terms of when they'd like to open the arena?
Trying to find that detail in 30 pages is hard.

Mayor stated, no further details until the deal is fully signed (i.e. no schedule)

[Reggie Dunlop]

I've read that the Calgary Hitmen are the most valuable junior team in the country. CSEC would never recoup full value selling the team to another market.

[Shazam]

Originally Posted by Strange Brew

Being a pro sports owner is quite possible the sweetest setup in the world. It's just incredible.

Bread and circuses.

[Muta]

Originally Posted by FormerPresJamesTaylor

Which we'll pay an exorbitant amount of money to go inside each time.

You will. I watch the Flames from home, and only go to games when I'm offered free tickets. That won't be changing anytime soon.

[FormerPresJamesTaylor]

Originally Posted by Royle9

To see a live event? Sure, but you do everywhere if you want to take in something like a movie, show, concert, sporting event…. How is that an argument?

Name me one place you can see a movie or watch a live professional sports team without paying a cent.

Have you been to the new event centre in Nogoodville? You can go in free and walk around anytime you wish (obviously not the arena itself)

You do know why that's a terrible analogy right? Cineplex didn't get 800 million to build a IMAX screens.

[csnarpy]

Originally Posted by FormerPresJamesTaylor

Which we'll pay an exorbitant amount of money to go inside each time.

Ya because it’s a dream of low cost crappy food and drinks now.. (wtf)

[sureLoss]

https://twitter.com/user/status/1651004646352379906