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Originally Posted by gaviscon
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It's not impossible, assuming the Calgary developers are investing in the detailed designs to allow construction before getting approval. They also have to have the billion dollar financing in place. They have a deal already lined up for Marriott to operate the hotels, and the land is owned by the City of Calgary, so those aren't likely to cause problems.
Here, it's far less clear that Holborn could develop the towers any time soon, even if they got an approval. They aren't proposing to build the hotel tower first, but the condo towers, which would be a stretch to sell in the current market, to say the least. (As proposed, it's over 1,200 condos and 270+ rentals). They also have to finance the non-market tower next to Woodwards which is their CAC offer.