Quote:
Originally Posted by SteelTown
Typically when a Convention Centre are expanded, it's not to add another floor to the existing building, its to add more floor space within the same floor.
So I imagine Vrancor would plan to go over the MacNab terminal and right up to the Church. Another example would be the Winnipeg Convention Centre, which was recently expanded.
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Typically, sure. But since this is mostly beat reporters paraphrasing proposals that have yet to be formally articulated, there is room for interpretation. The plan will be more apparent once the details of the proposal are made explicit, at some point following council's Feb 5 in-camera session.
The way the Vrancor proposal is being spoken of now, it sounds like a $200M pool is funding a state-of-the-art arena reno, a new hotel and an extra 50K sq ft of convention centre space. If that's the case, we can expect efficiencies.
Winnipeg's 2015 expansion, for example, cost
$180M, which works out to around $195M in 2019 dollars — but since that project added 10 times the square footage Vrancor is proposing (at 43,000 square feet, the street-spanning
City Room is 4/5 the size of the entire HCC), we can expect it would come with a fraction of the price tag.
A 2016 report to council weighed two reno options for FOC: a $68M partial upgrade (adding modern boxes and concessions to the lower bowl) or a $252M blue-sky upgrade to NHL-grade venue criteria. Presumably it'd be closer to the first option, but with a bit more razzle-dazzle.
Building a hotel to the specs of the 182-room Homewood Suites would run around $40M, but it's possible that the facility in question is
already in the works.
Adjusted for inflation, the HCC cost $47M in 2019 CAD. Expanding it could conceivably represent around half of the $200M, a rational and self-interested investment given that the HCC's primary reason for existing is to fill hotels, of which Vrancor controls most of the downtown hotel universe.