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Originally Posted by milomilo
It was some sort of assholery by the stampede corporation that caused the desolation of Victoria park in the first place, so it's a a bit rich that now another corporation is being hailed as a savior of the land, and stands to profit from it's renewal. AFAIK CSEC has the right of first refusal to buy some of the city's land there as part of the deal.
The city can choose to use taxation policy to regenerate any area it likes, such as with the east village. A new arena will help for sure, just not nearly enough to justify $290m on a financial basis.
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The City's invested a lot more than that in the East Village area and they claim it's successful. Other than this and transit "enhancements" what else will the City be investing in the area? CSEC will end up investing a lot more than $290 million in the area as will other players. If the area is developed and marketed properly it should be successful.