Quote:
Originally Posted by WhipperSnapper
Where is this $2.5 billion investment? At most, it's a $1.5 billion in which most of the space would have been built anyways. There's a demand for residential units in Edmonton. They probably wouldn't have been built in such a short time frame however, it's risky of you guys to draw conclusions this early that this development will increase demand for urban living increasing tax revenue over what would have come naturally. There's a lot of questions that could be asked over the CofE leasing the first tower. It looks good for the Ice District CRL but, was it really a great decision for the rest of downtown that had plenty of space available?
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There are a lot of significant assumptions, lots of cheerleading and boosterism going on here for sure. How it will flesh out in the end is still yet to be seen.
I agree that some of the figures tossed around in the booster peice seem rather spurious
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