Friday, August 13, 2010

$3.5M For Flagpole $88M For Sports...

Stunning design, but at what price? The glittering eight-storey arena now proposed for the Port Lands is sure to please the Waterfront Design Review Panel -- which threatened to resign en masse over the old 'suburban' design -- but what will it cost? The city has admitted that even the old cheaper design would cost more than the $34-million already set aside.

Revised four-pad stacked arena would cost $88-million

New eight-storey design of Port Lands Sports Complex would free up waterfront land for further development Aug 12, 2010

...while our debt was $2.7 billion at Dec. 31, 2008, and is forecast to rise to more than $3.5 billion by 2016, before subsiding, and it costs the city $450 million a year to pay interest and principal on the city debt.

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