Posted Jul 15, 2011, 5:23 PM
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ON3P Skis
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Join Date: Sep 2008
Location: Lower Lonsdale, North Vancouver, BC
Posts: 2,594
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$563M is not a modest expense. How long will it take to recoup those costs, does the business plan even allow for that or do the Lions/Whitecaps plus other events just cover op costs. I really don't see too many large convention events that need to be held here. The new VCEC seems to have worked pretty well in the interim. I maintain that this entire project is a huge waste of money. It's not terribly pretty to boot. I eagerly await the construction of buildings around it so it blocks the view of this monstrosity.
Yes I know I am in the minority on this one. I really hope I don't have to say "I told you so" if the province were ever to try and sell this thing, I'm sure it would end up something like the Skydome (Built for $570M (1986 dollars at that) and sold for $25M).
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