Comment 45186

By dsahota (registered) | Posted August 08, 2010 at 21:57:56

Bottom line is if anyone wanted to live and work and play down there, it wouldn't take public money to get r dun

First, very few sports stadiums have been built without public money or support in Canada in recent memory. Second, one key reason why no one will build anything on the West Harbour site is that it needs millions to cleanup the brownfield. Without the city cleaning that up, you're right, nothing is going to be done on that site for a long long time.

The East Mountain site is likely to be developed by private interests in the coming decade, that's why one of the big losses to the city is the tax revenue that development would bring in. Essentially, EM cuts a big hole (1-5 million / year according to city staff) in future city revenue while also costing a lot more to maintain in the long term due to required road expansion. The WH requires upfront investment in the remediation of the site but results in no loss in long term city revenue and may bring big increases in revenue if the area around the stadium gets bought up and turned into new mixed commercial / residential space.

Its not important that no one wants to work and play at WH now, what's important is that once the stadium gets built, redevelopment starts and transit access is improved, it will be a highly desirable location to live, work and play.

Permalink | Context

Events Calendar

There are no upcoming events right now.
Why not post one?

Recent Articles

Article Archives

Blog Archives

Site Tools

Feeds