Aerial shot of Calgary, give a good perspective of the size of the arena's footprint.
From reddit https://www.reddit.com/user/FerretFarm/
From reddit https://www.reddit.com/user/FerretFarm/
- Thread starter Meikkhaell
- Start date
jmarchy
New Member
Does anyone know if there's a timeline/any progress on moving the bus barns? That location feels like the easiest win for the C&E district once it's available, connected to Riverwalk once it's extended down to there and a bit more removed from Stampede grounds/gameday traffic of the arena.
Tothewest
Active Member
Because it's so removed, it's likely the least attractive for investment right now. Will take atleast 3-4 years to build a new bus barn, ect....i dont see much happening there until after the arena opens
Roaring Flames
Senior Member
UrbanWarrior
Senior Member
The Familia
Active Member
How about that hotel that was announced by CMLC on the corner beside the casino and across from Arriva….would be nice to have that open simultaneously as the arena.
jmarchy
New Member
The last I can remember seeing about the hotels in the area was from when the new BMO opened where the Hotel Association said they were expecting one to be announced by the end of the summer, in this article:
BMO Centre expansion opens this morning, now largest convention space in Western Canada
Wednesday's opening of the BMO Centre expansion at Calgary's Stampede Park means the venue has roughly double the space it did before.
calgaryherald.com
Maybe a bit concerning that nothing has materialized to this point on it still.
Roaring Flames
Senior Member
Danielle Smith ruined any chances of any hotels getting built
403808
New Member
So, if she gets the blame if a hotel does not get built, does she get credit when one is?
Stay tuned.
Ramsayite
Active Member
PR team up early
O-tac
Active Member
Yeah it's strange how many new members coincidentally post something defending Smith 
. Didn't she make some pronouncement that their might be government incentive programs that don't exist currently to help build a hotel? At the time I recall people on here saying that would guarantee no movement on any active development cause they would want to wait and see if their is government money before moving ahead.
. Didn't she make some pronouncement that their might be government incentive programs that don't exist currently to help build a hotel? At the time I recall people on here saying that would guarantee no movement on any active development cause they would want to wait and see if their is government money before moving ahead.
MichaelS
Senior Member
That is a pretty recent announcement. How do you explain the 2 years prior to that with zero hotel prospects despite the BMO being under construction? And now the 1.5 years of assurance that a new arena would go in?
The problem is believing the sales pitch that these large government funded projects actually generate positive new development. That is how they are sold to the public, but it is pretty clearly BS.
The problem is believing the sales pitch that these large government funded projects actually generate positive new development. That is how they are sold to the public, but it is pretty clearly BS.
darwink
Senior Member
After a provincial incentive is announced? Yes. Every little bit helps a project pencil. I doubt an incentive would amount to larger than the interest rate decrease on the construction loan + long term financing though.
crisp
Active Member
Why is anyone to blame? If investors believe this market will return a profit on building a hotel, they will do so. Pretty simple, if YOU believe it, then please fork out $80,000,000 for all us to enjoy seeing another tower in the Beltline.
If a government incentive is the make-or-break point of this, then investors don't really believe in the current market.
If a government incentive is the make-or-break point of this, then investors don't really believe in the current market.
darwink
Senior Member
When building a pro forma every bit helps, especially firm numbers like a government program versus crystal ball numbers like interest rates. A small change can make a huge difference. One could let’s say mandate ATB to make construction loans at 1% less for hotel projects. I’d probably want a subsidy like that versus $s up front or a property tax incentive in the back end. Target the project valley of death directly not indirectly.