What do you think of this project?

  • Total voters
    54
TAS said:
Regarding the funding shortfall for this project, which seems to have fallen on the city to support, I see in the $427 million Downtown Investment Plan released by various dt business groups in October, there is $34 million ask for this project from the Province.

I believe the provincial budget is coming this week - what are the chances? Ha

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Province should pay……they’re paying a 1/3 rd of a something called Arts Commons in YYC - looks like a $400M Citadel theatre….btw….could you imagine being a taxpayer down there? Whewwww! Their debt must be 10X of ours…...
 
The Winspear report is out.
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Who wants to start a demolition company with me? Pretty good margins on demo one would figure?
 
_urbanite said:
Well, we just saved 30M of already budgeted cash by not having to pay to demo the Coliseum. This seems like a pretty good place to redirect those funds to
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Yes, it looks like the facility will be quite good and will benefit the community and area. If the city has concerns, fine hold Winspear to the fire a bit, ask for an audit and loan guarantees.

I suspect in the end an audit will conclude the cost overruns were due to construction cost inflation which was common around that time, but the city can say its done due diligence and help out.
 
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