archited
Senior Member
The technology for clear-span retractable roofs has progressed such that they are now very light and translucent -- they are no longer outrageously expensive and, dare I say, it would be a huge disservice to a City like Edmonton to not have the ability to cover a sports field (revenue potential goes up exponentially with the ability to enclose a large space -- CFL-type football; men's and women's professional soccer; University games; Commonwealth/Olympic games; track and field meets; concerts not having to rely on fair weather; equipment shows and conventions; and other events (e.g. rodeos, dressage, etc.).Unless a new stadium has a retractable roof it’s a nonstarter.
Actually, considering that stadiums are typically oval in shape, it leaves the corners available for high-rise structures and, apart from that, the land that Katz has in mind is not the Phase II land directly north of the arena (not large enough for a stadium structure at any rate) and so that land will remain the housing and park and retail island that he has always envisioned -- so contrary to your view, David, there is actually a large amount of residential potential in both the Phase II land and in the stadium concept (I would also expect another large name-brand hotel to accompany the stadium). It would be great if he could take over Commonwealth Stadium as well and turn it into a summer and winter X-games venue, built out specifically to house those games -- apparently they are large revenue generators and they attract a global audience (which certainly couldn't hurt Edmonton).Also I suspect the space used for such a stadium could also considerably reduce the space that could be developed for housing and other commercial use, so I'm not sure this would be in the interest of the owner of this land.
I believe that Katz clearly sees the revenue potential in professional sports and I think that Rogers arena has made him a fair chunk of change. As they say in sport's betting, it is prudent now to "double down" on that premise -- he essentially would end up owning downtown and would stand to far outpace what the Ghermezians have going in the west part of the City. The magnet of two world class sports venues would certainly over time add all of the life that downtown could stand. One asset that Mr. Katz has in spades is that he doesn't "cheap out" on his visions.
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