On Wednesday, the City of Calgary made available their report on their evaluation of the Calgary Sports and Entertainment Corporation's CalgaryNEXT proposal. The proposed project would provide, among other things, a new home for the National Hockey League's Calgary Flames.
The City's assessment was, to be charitable, not particularly enthusiastic in regards to the project. In light of the City's response and the discussion yesterday by City Council, here are five questions we have following the report.
#1: What amount can the City contribute to the project without hindering their ability to do other things?
One of the City's big objections to the proposal was, when including infrastructure, land costs and remediation, the City would need to pony up in the vicinity of $1.