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  #1001  
Old Posted Jan 4, 2013, 3:17 AM
suburbia suburbia is offline
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Originally Posted by 5seconds View Post
Wildrose is suggesting a new lottery funding model for new arenas in Calgary and Edmonton:

http://www.calgaryherald.com/news/al...857/story.html

Sounds interesting, though I hope it wouldn't dent existing lottery/charity revenue.
This is a slippery slope. Can't be directing gambling revenue to for-profit businesses / causes. Perhaps there should be a lottery for some of the more urgent needs relating to the social fabric of the province, but I'd doubt the Wild Rose would go for that.

Last edited by suburbia; Jan 4, 2013 at 3:46 AM.
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  #1002  
Old Posted Jan 4, 2013, 4:14 AM
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Quote:
Originally Posted by 5seconds View Post
Wildrose is suggesting a new lottery funding model for new arenas in Calgary and Edmonton:

http://www.calgaryherald.com/news/al...857/story.html

Sounds interesting, though I hope it wouldn't dent existing lottery/charity revenue.
I've long thought a government is morally bankrupt to use gambling to raise revenue and I'm a hypocrite because I've belonged to groups that have directly benefited from casinos.

I know a perfect way to raise money for both arenas in less than 5 years. Not only that, but also greatly reduce crime, whilst simultaneously reduce police costs. Added bonus, create a new tourist attraction.

Make pot legal for recreational use and tax the fuck out of it.
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  #1003  
Old Posted Jan 4, 2013, 6:38 AM
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Originally Posted by Ramsayfarian View Post
I've long thought a government is morally bankrupt to use gambling to raise revenue and I'm a hypocrite because I've belonged to groups that have directly benefited from casinos.

I know a perfect way to raise money for both arenas in less than 5 years. Not only that, but also greatly reduce crime, whilst simultaneously reduce police costs. Added bonus, create a new tourist attraction.

Make pot legal for recreational use and tax the fuck out of it.
Cigarettes too.
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  #1004  
Old Posted Jan 4, 2013, 3:45 PM
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Quote:
Originally Posted by 5seconds View Post
Wildrose is suggesting a new lottery funding model for new arenas in Calgary and Edmonton:

http://www.calgaryherald.com/news/al...857/story.html

Sounds interesting, though I hope it wouldn't dent existing lottery/charity revenue.
I would rather any new keno revenue go towards a new LRT line than a new NHL arena. But that is just me.

If they want to provide an option for people who support the oilers/flames to pay for it voluntarily (like in this lottery), why not just put a large ticket surcharge on for games? Or set up a fund that will allow fans to donate their money to Darryl Katz so he can build his arena?
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  #1005  
Old Posted Jan 4, 2013, 6:20 PM
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I would rather any new keno revenue go towards a new LRT line than a new NHL arena. But that is just me.
And I'd rather see LRT funding than a library system that no one I know has used in 15 years.

The real issue is that these arenas are MUNICIPAL infrastructure and should be treated as such. However the teams insist on acting like (and in many cases it's reality) they own the places, earning all revenue from them. The money shouldn't be "going towards an NHL arena", it should be going towards "Calgary's new multi-purpose arena which the NHL occupies for 1/9th of the year".

Unfortunately the NHL has done this to itself. The public used to be all for funding arenas, even if multi-millionaires play there. Because the arena was seen to benefit the community at large (just like a library). However today all anyone can see is the NHL and its greed. And it's their own fault.
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  #1006  
Old Posted Jan 4, 2013, 10:43 PM
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You should go get a library card!
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  #1007  
Old Posted Jan 23, 2013, 5:52 PM
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FYI

















all from edmonton.ca
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  #1009  
Old Posted Jan 23, 2013, 9:48 PM
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Awesome! Mandel, you are amazing! The arena deal is approved! Git'er done, Edmonton. Oh god, the downtown will be barely recognizable in a decade.

So, Calgary's new 20000-seat arena will be approved a year later?
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  #1010  
Old Posted Jan 23, 2013, 10:11 PM
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Originally Posted by RicoLance21 View Post
Awesome! Mandel, you are amazing! The arena deal is approved! Git'er done, Edmonton. Oh god, the downtown will be barely recognizable in a decade.

So, Calgary's new 20000-seat arena will be approved a year later?
it's all approved, except they are now asking for MORE money from other levels of government. Which they won't get.

I've said it before, and I'll say it again. My two predictions re: the new Edmonton arena - it won't get built until Katz sells the team, and Calgary's new arena will be completed first.
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  #1011  
Old Posted Jan 23, 2013, 10:17 PM
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Originally Posted by You Need A Thneed View Post
it's all approved, except they are now asking for MORE money from other levels of government. Which they won't get.

I've said it before, and I'll say it again. My two predictions re: the new Edmonton arena - it won't get built until Katz sells the team, and Calgary's new arena will be completed first.
MSI funding for adjacent community rink--that would take a huge chunk off the shortfall.
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  #1012  
Old Posted Jan 23, 2013, 10:24 PM
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Even if they go the cheapest option, this looks like it will be a great building, hopefully we don't end up with this.
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  #1013  
Old Posted Jan 23, 2013, 10:24 PM
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Originally Posted by RicoLance21 View Post
MSI funding for adjacent community rink--that would take a huge chunk off the shortfall.
MSI can go to the main building. The community rink may be eligible for other grants just like normal community recreation facilities.
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  #1014  
Old Posted Jan 23, 2013, 10:31 PM
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Originally Posted by RicoLance21 View Post
MSI funding for adjacent community rink--that would take a huge chunk off the shortfall.
MSI funding - though originally from the province, is essentially city money. It taking money away from the city that they could use for other projects.

I think the city is completely crazy for putting the $219 million out of MSI, never mind essentially paying for the portion that is "Katz's share". And you talk casually about using even more MSI money?
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  #1015  
Old Posted Jan 23, 2013, 10:36 PM
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Originally Posted by You Need A Thneed View Post
MSI funding - though originally from the province, is essentially city money. It taking money away from the city that they could use for other projects.

I think the city is completely crazy for putting the $219 million out of MSI, never mind essentially paying for the portion that is "Katz's share". And you talk casually about using even more MSI money?
I thought some of the $219M would come from revenue generated by surrounding development through CRL (Community Revitalization Levy).

The only real shortfall left now is the $114M. That can come from various sources like MSI and grants like MalcolmTucker mentioned.
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  #1016  
Old Posted Jan 23, 2013, 10:38 PM
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Community Rink would likely be a 1/3.1/3.1/3
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  #1017  
Old Posted Jan 23, 2013, 10:42 PM
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If the Flames come looking for a similar deal - it will be tough. Calgary, for instance, has already spent every penny of MSI - so that's not even an option to throw into the mix like in Edmonton.
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  #1018  
Old Posted Jan 23, 2013, 10:43 PM
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Originally Posted by RicoLance21 View Post
I thought some of the $219M would come from revenue generated by surrounding development through CRL (Community Revitalization Levy).

The only real shortfall left now is the $114M. That can come from various sources like MSI and grants like MalcolmTucker mentioned.
CRL is really just a shell game. It doesn't really create new money.
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  #1019  
Old Posted Jan 23, 2013, 10:58 PM
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Originally Posted by You Need A Thneed View Post
CRL is really just a shell game. It doesn't really create new money.
...and also a lever that can accelerate A LOT of projects that theoretically in turn will then accelerate development in the area.
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  #1020  
Old Posted Jan 23, 2013, 11:17 PM
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In a uni city CRLs are just an accounting method, when you have competing jurisdictions like Edmonton, you can actually change revenue outcomes.
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