IanO
Superstar
I have to think that the next stage is a purpose-built rental tower to inject some more regular customers/residents into the area and then be the next portion they sell to free up some capital for the beginnings of phase 2.
Would financing for this even be difficult right now? The groundwork is already done, they can use the same space that was preciously used on 104th as a field office.I have to think that the next stage is a purpose-built rental tower to inject some more regular customers/residents into the area and then be the next portion they sell to free up some capital for the beginnings of phase 2.
I agree. Stantec and Legends are very nice, but this is a lot of units all at once for the more upscale market, which does exist here but is not huge. So the Connect Centre tower will need to be a bit different.Connect Centre tower is the obvious next step. Keep in mind that they had their asses handed to them with the timing of stage 1 (Stantec and Legends). The CC tower will probably need to be purpose built rentals, but those would lease up within a year if built out similarly to something like the McLaren or Hendrix.
If the Katz rumor makes sense...That would be cool but my bet is what they're really discussing is condos/apartments/affordable housing around a new football stadium.
'That would be cool but my bet is what they're really discussing is condos/apartments/affordable housing around a new football stadium.
Remember - 'ol Danni won't "directly" fund new stadium/arena projects but will put money into the infrastructure that will support it. This is very mind blowing - cause I didn't think that Katz would be tied to another "new arena/stadium."Affordable housing in the area would be nice and this may be a good area for some of that. Maybe I missed it, but I don't recall a new football stadium ever being mentioned by the Alberta government.
I do like the outdoor entertainment park idea and expansion of the LRT station platform (which is needed anyways). So I hope that all fits within their criteria.'
Remember - 'ol Danni won't "directly" fund new stadium/arena projects but will put money into the infrastructure that will support it. This is very mind blowing - cause I didn't think that Katz would be tied to another "new arena/stadium."
... which would add even more to the costs and if the government won't pay for any of the direct costs, then who would cover what would be a very considerable amount?Unless a new stadium has a retractable roof it’s a nonstarter.