kcantor
Senior Member
of course the renovation cost would be more than 25 million... but you would end up with 400,000 sf of space being put to good use and not just another vacant piece of land.Wouldn't the renovation cost to repurpose it to something other than an arena be much, much more than $25 million? That would only be feasible if a developer approached the City to purchase it and bear all of the reno costs.
if edmonton is short on anything, it's certainly not vacant pieces of land.
you need your comparison to be the construction cost of 400,000 sf of enclosed space from scratch, not the cost of demolition.