[Duck Lightning]

I wonder where that extra 300 million could be going? Is it's included with the addition of an adjacent hotel and office space for CMLC? Are we still getting that adjacent community arena? Seems weird for it to be over 50% over budget

 

[haltcatchfire]

Just build a third of the rink. We don’t use the other team’s zone anyways.

 

[MichaelS]

Well, if a major cost overrun is announced in the next week or so, this event center will be a focal point of a municipal election 2 elections in a row!

 

[DougB]

It better be a damn good event centre...

T

I wonder where that extra 300 million could be going? Is it's included with the addition of an adjacent hotel and office space for CMLC? Are we still getting that adjacent community arena? Seems weird for it to be over 50% over budget

Thank-you monetary stimulus. Lower interest rates push up inflation

 

[darwink]

I heard from someone from City Hall today that the event centre could be running close to $300 million over budget.

Yes, You heard that right, 300... Million... Dollars...


Edit: They did just admit that this is likely just a rumour.

Not that much...yet.

 

[darwink]

Well, if a major cost overrun is announced in the next week or so, this event center will be a focal point of a municipal election 2 elections in a row!

And might 'disqualify' a certain candidate who pushed a fast deal...

 

[1875]

is the city on the hook for all of any overrun?

 

[Urb]

300 million over seems high, but I would bet my first born that they are over budget. One issue - steel prices have gone waaaaaay up. This will really hurt the Green Line as well. Fortunately debt rates have never been lower.

 

[1875]

hope we dont get the edmonton library version because of this. rather they put it off than VE it into the ground.

 

[MichaelS]

And might 'disqualify' a certain candidate who pushed a fast deal...

Davison?....wow. If so, no wonder he didn't go for mayor......

 

[Golfing guy]

I heard it’s a billion over ... I love how rumours like “I heard” get peeps all rowelled up.

 

[Mountain Man]

It would be a feat to keep this on budget with the cost of materials going through the roof. I hope it doesn't get value engineered into a boring box!

 

[outoftheice]

Anyone catch the closing antics at City Council tonight? All the confirmation I need that the rumours posted on here are accurate and the Event Centre is going to go ahead but end up way over budget at the same time.

 

[1875]

cant lie, i was scared to click on this.

as infuriating as it is, going ahead with a good project despite the overrun is far from the worst outcome (imo).

 

[Urb]

That doesn’t sound good. Can you elaborate?