Comment 43784

By Kiely (registered) | Posted July 21, 2010 at 14:39:11

I wonder if the model the analysts use is too static. - Ryan

I hear ya, Ryan. Keep in mind the paper sighted is an overview of several studies, so there may have been a variety of models used... all seem to point the same way though.

But I do understand what you're saying. Is there some benefit? Sure, the social benefit is a cleaned up brownfield and that is a big benefit in itself. If you just look at the benefit of a cleaned up brownfield compared to say doing nothing. I think you could easily make a case that a cleaned up brownfield will proved more economic benefit than leaving the brownfield there indefinitely.

As for building the stadium though, it could have economic benefits, just beware those they say it will (in either location), no matter what. That's what I'm cautioning. Know what we're spending and understand what we're buying:

EM = entertainment and a catalyst for urban sprawl.

WH = entertainment and a cleaned up brownfield.

Looking at the studies (and there are more besides the ones I cite) nothing else is guaranteed.

...having said all that, frankly I'd rather spend the entire Future Fund remediating urban brownfields, and follow up by spending all the money we plan to sink into AEGD into remediating yet more brownfields. - Ryan

I'm with you there Ryan.

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