[News] Updated cost for Calgary to host the 2026 Olympic to be $5.23 billion.

[Enoch Root]

Originally Posted by topfiverecords

It would be a disaster for CSEC to not step up now and contribute their fair share while the City has a flow of Federal funding to manipulate into the arena contribution. Later, and it’s back to the 100% public contribution for public benefit discussion where it’s going to be harder to get that City amount to where CSEC wants it.

But by then every single councilor would have been voted out for blowing $750M (probably over $1B all said and done) with nothing to show for it.

In other words, it would be a lose, lose lose.

[Bunk]

I'd bet dollars to dimes there's an effort to include the arena.

[Enoch Root]

Originally Posted by Bunk

I'd bet dollars to dimes there's an effort to include the arena.

For sure there is an effort to include the arena.

But now Nenshi needs CSEC to cooperate. If I am them, I leave him to the wolves and then negotiate with his successor in a few years.

Up until this point, he held the cards. But he just improved their hand.

[Ozy_Flame]

CSEC would look like complete #######s if they didn't try and use this as a vehicle to complete an arena. Any remaining support on their side would be shredded. This isn't all on Nenshi to get them back to the table; it's just basic business that doesn't need Nenshi to tell him how to do it. It's the proverbial window of opportunity and it's not going to last forever.

[GGG]

Originally Posted by Enoch Root

For sure there is an effort to include the arena.

But now Nenshi needs CSEC to cooperate. If I am them, I leave him to the wolves and then negotiate with his successor in a few years.

Up until this point, he held the cards. But he just improved their hand.

The city improved its hand from the previous bid document. If the games are bid and won on this proposal he has a walkaway opportunity. If the bid document stated as the original 4.6 billion dollar bid did that an Arena was assumed to be built prior to the games then it would be a disasterous position for the city as they would have no leverage at all.

The city created the best position for themselves if they wanted to pursue the Olympics and a flames funded arena given the time frame available.

[Freeway]

New venues in budget are $403 million and fieldhouse concept has always been a $200-250 million proposition. Saddledome renovations in bid exploration report were estimated at $9.5 million and will need to be done for Olympics regardless of existence of New Arena.

[Freeway]

Also, the mayor flat-out said his preference would be to build the event centre rather than the proposed community arena out on its own during council today.

[Mr.Coffee]

Originally Posted by Enoch Root

For sure there is an effort to include the arena.

But now Nenshi needs CSEC to cooperate. If I am them, I leave him to the wolves and then negotiate with his successor in a few years.

Up until this point, he held the cards. But he just improved their hand.

Very rumoury, but I have heard from somewhat reliable sources connected to CSEC ownership as of about a month ago that if an arena structure isn’t put together by the end of this year, they’ll very aggressively pursue relocating the team to Houston. Take this for what it’s worth, a rumour.

[CorsiHockeyLeague]

Originally Posted by Enoch Root

For sure there is an effort to include the arena.

But now Nenshi needs CSEC to cooperate. If I am them, I leave him to the wolves and then negotiate with his successor in a few years.

Up until this point, he held the cards. But he just improved their hand.

This makes absolutely no sense, though. If he now needs them, their bargaining position is improved. So why would they wait to negotiate with his successor (assuming he leaves office)? Why not try to use that to their advantage? I'm not granting you that they do have such an advantage, but if they did, why on Earth would they ignore it? Spite? That's ridiculous.

Frankly, even if you're wrong and the city is no more willing to make concessions than it was, they should still attempt to use the Olympic bid structure to work out a deal, as there are additional opportunities to add value when there are more things the city, and federal and provincial governments, want. If they can get some non-municipal dollars into the mix, that could bridge a funding gap. I have no idea why they wouldn't at least try to explore whether they might be able to pull it off.

[GGG]

https://static1.squarespace.com/stat...Web.Sept10.pdf
Above is the link to the report. A pretty good read.

What does in cost to build 800 units of affordable housing? 300k per unit???? So that benefit should be added to the thins we need list so 200-300 million.

What’s really dumb is hosting ski jumping in whistler. It indicates in the report that the savings is only 50 million. If you are spending 3 billion why are you half assing it to save 50 million.

Contingency is well applied. 23% on venues. So that is reasonable given the class 3 and class 4 estimates so as long as scope doesn’t creep the estimate looks reasonable. One thing to note is that the dollars talked about today are all 2018 dollars so you need to inflate to 2026 dollars when evaluating if the games came in over budget 8 years from now.

I’m still a soft no though not an extreme no as I was before. This is a far better document than the 4.6 billion dollar initial report. If you go by the report you get 1.5 billion in infrastructure (of which I think 1 billion is necessary assuming a real arena comes out of this) for 1.5 billion (assumed) in provincial and city money. Still not a good decision as we are spending as Canada 1.5 billion for the party with only dubious economic benefits to show for it.

[Redliner]

Without the benefit of the legacy infrastructure, (new stadium & arena) I think this is a hard sell.

The really asinine bit is holding events in Whistler. Sorry, but it's not a Calgary Olympics if half of it is in another province.

[Jethro Choicebro]

Sorry if this has already been said, but the problem going forward is there is nothing sexy included to get the voters onside.

No new arena, no airport links, no LRT lines, no Canmore/Banff rail links...

I'm not sure outside of hosting the party that a McMahon Reno and community rink is enough to get anyone excited.

Isn't the the perfect chance to add a bunch of stuff in that the city needs to do eventually anyway, but get the feds to pay half?

Sent from my LG-H831 using Tapatalk

[Johnny Makarov]

I'll vote yes, as a protest to the horrible job Ken King has done in the past 5 years.

No way this passes in the plebiscite.

[Scroopy Noopers]

Rink stuff aside, I still can’t get over the use of Whistler.

That’s like having the figure skating in Winnipeg’s new rink.

[jayswin]

Originally Posted by Jethro Choicebro

Sorry if this has already been said, but the problem going forward is there is nothing sexy included to get the voters onside.

No new arena, no airport links, no LRT lines, no Canmore/Banff rail links...

I'm not sure outside of hosting the party that a McMahon Reno and community rink is enough to get anyone excited.

Isn't the the perfect chance to add a bunch of stuff in that the city needs to do eventually anyway, but get the feds to pay half?

Sent from my LG-H831 using Tapatalk

Yep, they just destroyed the Olympic dream with this proposal, and you nailed it. Nothing sexy for the average citizen and a huge price tag, Rick Bell etc will throw this to the wolves tomorrow and those wolves will tear this thing apart so hard it draws everyone on the fence against it.

[Bunk]

Originally Posted by Enoch Root

For sure there is an effort to include the arena.

But now Nenshi needs CSEC to cooperate. If I am them, I leave him to the wolves and then negotiate with his successor in a few years.

Up until this point, he held the cards. But he just improved their hand.

They’re negotiating with Jeff Davison and his committee.

[getbak]

Here's the cost-breakdown from the Hosting Plan.


This is the "Hosting" cost. Just the costs for that "two week party" that people like to talk about (actually about a five week party when the ramp-up time and the Paralympics are taken into account). This is set up to be a break-even proposition with funding coming from the IOC, sponsorships, ticket sales, etc.





This is the breakdown of the Public funding requirements.



The things under the "Legacy Investments" are things that will have a long-term post-Games legacy for the city and region.

The Operations funding will be sunk costs. Essential services are things like public transit to the venues and highway maintenance. I don't know if the $300 million has any legacy value or not (like if they were to widen Highway 1 to Canmore or extend the C-Train to the Airport or if it's only the costs of providing those essential services during the Games).

I assume that most of the nearly $600 million cost for housing would be recoupable by the City after the Games when it is sold or leased. The proposed Athlete's Village will be in Victoria Park, where the bus barn is currently located (which means the City already owns the land), and that area is already part of the CMLC's "Rivers District" plan for residential use. That means this is money the City is already looking to spend, as is the money allocated for the Fieldhouse (although, making it useable for Figure Skating/Short Track will increase some of that cost).

[Johnny Makarov]

Originally Posted by jayswin

Yep, they just destroyed the Olympic dream with this proposal, and you nailed it. Nothing sexy for the average citizen and a huge price tag, Rick Bell etc will throw this to the wolves tomorrow and those wolves will tear this thing apart so hard it draws everyone on the fence against it.

You mean the 10s of readers of the Calgary Sun? wooooo wooooo

[jayswin]

Originally Posted by Johnny Makarov

You mean the 10s of readers of the Calgary Sun? wooooo wooooo

You'd be surprised if you think local conservative news readers aren't incredibly powerful in this city. They get whipped up easily, Rick Bell being the best meat thrower and they number in the hundreds of thousands.

[Enoch Root]

Originally Posted by CorsiHockeyLeague

This makes absolutely no sense, though. If he now needs them, their bargaining position is improved. So why would they wait to negotiate with his successor (assuming he leaves office)? Why not try to use that to their advantage? I'm not granting you that they do have such an advantage, but if they did, why on Earth would they ignore it? Spite? That's ridiculous.

Frankly, even if you're wrong and the city is no more willing to make concessions than it was, they should still attempt to use the Olympic bid structure to work out a deal, as there are additional opportunities to add value when there are more things the city, and federal and provincial governments, want. If they can get some non-municipal dollars into the mix, that could bridge a funding gap. I have no idea why they wouldn't at least try to explore whether they might be able to pull it off.

Obviously, if they can get a deal done to their liking, they would (which only illustrates my point that Nenshi has improved their position with this move). But what I was getting at was that if the city doesn't move towards an agreeable deal, they now have the ability to hang Nenshi on this. He needs an arena now. They can wait.

But yes, their best window is - and always was - a building that is supported with Olympic money.