Why CalgaryNext was rejected by city staff who studied the proposal for months

After months of study, city staff released a report concluding the CalgaryNext proposal for a downtown arena and stadium is “not feasible.” Here’s why they think it won’t work.

Source: Why CalgaryNext was rejected by city staff who studied the proposal for months

Bottom line, it costs Calgary tax payers too much.

The Flames’ CalgaryNEXT arena plan could cost $1.8 billion, double the original estimate, says a city report

The Calgary Flames’ ambitious vision to build a professional and amateur sports complex in the West Village hit a major roadblock Wednesday following the release of a city analysis showing CalgaryNEXT could cost ultimately about $1.8 billion and have taxpayers pay up to two-thirds of the tab.   It’s a staggering sum that city hall insiders believe…

Source: The Flames’ CalgaryNEXT arena plan could cost $1.8 billion, double the original estimate, says a city report

No experienced independent, objective viewpoint saw, from the beginning, this proposal being less than $2 billion, with the City being on the hook for most of it.

But, don’t expect the Flames to stop here; and, there will be some Councilors supporting them.  Furthermore, the creosote soil contamination will be judged manageable and the health risk negligible.  After all, the land has been continuously occupied and no one has dies yet.

Council grounds CalgaryNEXT proposal

While city officials say that Calgary does indeed need a new arena, they’ve found that the CalgaryNEXT proposal may not be the way to go.

Source: Council grounds CalgaryNEXT proposal

The Flames proposed arena in the West Village was poorly conceived and amateurishly presented.  The financial projections were dubious from the start and the site selection ill advised.

(The report to Council may be seen here.)

 

“If business does well so will our city … if we can build a downtown with more density … it will be good for business.”

Really.  There’s more to life and living than just business as a criterion for what we do.

This Business In Calgary article, March 2016, promotes the proposed CalgaryNEXT project, although it purports to be an objective analysis.  The publisher of the magazine states that if “business does well so will our city” (page 36).

The owners contribution to the proposed project would be borrowed money, which, “if the city is unwilling to grant this loan“, they will seek another source.

The CalgaryNEXT proposal should be rejected.  No city planner has envisioned a hockey arena for this part of our city; and, we should not be subsidizing private business.

 

Breakenridge: Flames should share their Plan B for a new arena with Calgarians

Murray Edwards is certainly free to live wherever he chooses, but his timing couldn’t be worse. Edwards, of course, is chairman of Canadian Natural Resources Ltd. and is also chairman and part-owner of the Calgary Flames. He also happens to be chairman of Magellan Aerospace Corp., and that company’s recent tax filings show that Edwards has…

Source: Breakenridge: Flames should share their Plan B for a new arena with Calgarians

“many Calgarians see this as corporate welfare”