I would be quite pleased with the City proposal, provided the Flames pay property tax on the new arena, something they adamantly oppose right now.
I don't for a second buy into Ken King's CRL claims as part of their yet to be released offer (part of me thinks they delayed their publication of it to put together a presentation to try and make them appear less greedy). This is tied in with my earlier caution about the fact CMLC wants another $150 million to "revitalize" Victoria Park. We don't need CMLC, or a new Arena, to help with the revitalization of Victoria Park. Look at all that has been built in the last 10 years. Now, remember the following, all done without the added cost of CMLC or an Arena:
Approved:
Bentall Kennedy's Portfolio development, 3 towers, 776 units
https://developmentmap.calgary.ca/#property/DP2015-5331
Gablecraft Homes, 2 towers, 185 & 193 units:
https://developmentmap.calgary.ca/#property/DP2015-2126
https://developmentmap.calgary.ca/#property/DP2016-2555
Oxford Properties, 2 towers, 568 units:
https://developmentmap.calgary.ca/#property/DP2016-0326
Strategic:
1 tower, 379 units (technically not quite approved yet, but my understanding is it is imminent, and they will break ground 2018):
https://developmentmap.calgary.ca/#property/DP2016-5299
Lamb Development's Orchard: (Permit is too old to still appear on the map, so here is the development website)
http://www.theorchardcalgary.com/
And, a bit further south of Victoria Park, but still relevant is Anthem Properties in Erlton, 4 buildings, 874 units:
https://developmentmap.calgary.ca/#property/DP2014-5213
Under Review:
Arris REIT, redesignation to allow for residential at their Stampede Station site:
https://developmentmap.calgary.ca/#property/LOC2017-0192
Cidex/AIMCO, 1250 units:
https://developmentmap.calgary.ca/#property/DP2017-4075
Proposed:
ONE Properties 12th Avenue:
http://oneproperties.com/12th-avenue-residential/
Did I miss any? So, when Ken King says we should be grateful to the Flames, and give them free money because the Arena will spur development, I really, really hope the Mayor and Council's response is, we don't need the help.
I should also say, it is because of this list above, that I feel CMLC extending their mandate into Victoria Park is a bit unnecessary.