Not necessarily. At the time, for every dollar invested by the City, we would have seen $5 returned in outside investment. The price tag for the Games was $6B - $1B was to be covered by the City, $1B by the province, $2B by the feds, $1B directly from the IOC and $1B through private investment.
So overall, the taxpayer is on the hook for $4 billion. Apparently you just don't care because you personally are paying a smaller share of that much larger amount.
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Can you imagine getting committed to an Olympics and the resultant construction projects right before a pandemic obliterated every construction supply chain?
I don't want to be a Debbie Downer, certainly the design of the Arena looks a lot more attractive and not tacky compared to the Oilers building. But taxpayers are being absolutely fleeced. Every single person on Council should be voted out, they basically were standing by and watching ownership of the Flames financially rape a whole city
I’m sure somewhat. But it’s pretty filled with oilers/oil kings/visiting teams/men and woman’s grant mac teams.
Plus I think it’s closed game days or at least after a certain time which takes up a lot of days too.
Yeah, they idea that "community rinks" attached to NHL rinks are for public use is just "I'm a dolt and believe everything I hear because I want a new rink" 101.
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Having no team at all wasn’t an option. No way they were moving. It’s about whether Edwards would have put up his own cash. Maybe he builds a lesser facility, but ultimately he would have.
We also won’t pay more in taxes…yet. We just get worse services. Then later we’ll pay higher taxes and get even worse services.
The city gets screwed, taxpayers got screwed, council is getting roasted for being spineless, flames get a new arena and more revenue, the building will be a world class facility and the fans will get gouged.
This isn’t binary. They can all be true. It’s ok to acknowledge we got royally ####ed and this is terrible for the city and still be a flames fan. Maybe even go see some games. It’s not a pick one.
The odds that Edwards builds his own facility are nonexistent. He 100% would either move or sell the team before building an arena on his own dime. Some of you are kind of clueless here.
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Can you imagine getting committed to an Olympics and the resultant construction projects right before a pandemic obliterated every construction supply chain?
Are you throwing shade at Brisbane Australia?
Our current Olympic “plan” includes a $1.6 billion temporary athletics stadium with no business case.
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I’m not sure why they’d need live cameras, construction is pretty boring on a hour by hour basis. But I’m also sure they’ll do like they did with the BMO and release a time lapse video of the construction afterwards which will be cool to watch.
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So overall, the taxpayer is on the hook for $4 billion. Apparently you just don't care because you personally are paying a smaller share of that much larger amount.
Spin it however you want. But if you ever dreamed of Ontario and Quebec paying for sports infrastructure in Calgary, that was the time to do it. The IOC also voluntarily offered to chip in $1B of their own coin, that's how badly they wanted Calgary to have the games. Show me another time when funding sources of that magnitude would ever happen for our city.
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As someone who doesn’t like the funding model here, I think it’s time to get over it. I just want the new arena to be amazing and a huge positive for the city. Could the Flames have paid more? Sure. But that ship has sailed and there is no reason to being stuck in the past.
Nah, I'll going to rail against it until after the next municipal election... collectively give these jokers the boot and maybe we can turn them into a cautionary tale for other and future councils.
Nah, I'll going to rail against it until after the next municipal election... collectively give these jokers the boot and maybe we can turn them into a cautionary tale for other and future councils.
The oilers and oil kings both practice there. It’s just a practice facility billed as a community arena. I’m sure the one here will be no different with very limited benefits to the actual community.
I think it's more that it frees up ice time an Winsport. You're right the community wont get to use that ice surface much in during the season, but at least it's one fewer tenant in other rinks.
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