Stadiums & Arenas of Canada, Part 3

[Mikemike]

I was critical of the deal before it happened. I don't believe that the city got anything close to the best deal that we could but I am reasonably pleased with the results. There is far more associated development in a shorter time frame than in the vast majority of similar US deals. The city tower space would have been built anyway, and I believe that stantec would have had a new building in some form regardless, but the hotels weren't happening at the Northlands location, neither were the condos, including condos other than Katz' that are selling faster than they would otherwise.

Taxes on around $1.5b in residential should cover the arena part of the CRL, or something like $500m of commercial. With the Stantec Condos, the Marriot and Legends condos and the additional building that's under construction I would guess that
it's maybe 3/4 of the way there?