Quote:
Originally Posted by Daveography
Your implication here is insulting.
Yes, downtown was already in a resurgence. Would it have fizzled? Probably not. Was it accelerated by it? Absolutely it was. That's not a gift, that's an investment, and it is already seeing returns.
For the record, and for what it's worth, I'm actually not into pro sports.
In fact, I was originally against the deal. I didn't think it would see such returns so quickly. I was wrong, and I'm very, very happy to admit that.
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I think that is exactly it. The implication that Edmonton was generally completely happy with the Arena and that deal and negotiations also ignores the years of fury, public frustration, and political mess that led up this deal.
Could council have done better in the negotiations? Yes absoutely. There are many aspects of the deal that many people aren't thrilled with, despite the blinding shiny new project. But, I think many can agree that it does actually seem to be doing a lot of the adjacent things that many were skeptical of, and has, without a doubt sped up investment in downtown substantially.
Did Dt Edmonton need the Arena project to survive? Nope.
Did the Oilers need the Arena project to survive? Nope.
Those arguments, although they were fielded during the negotiations were generally not well recieved and that approach led to Katz taking out a full page apology in the Edmonton Journal. Yeah, these things definitely still influenced the discourse and played off a historic lack of confidence Edmontonians had in their City. But it also met fierce opposition from the growing confidence that has been growing for 10-ish years.
Are the actual impacts of the project sustantial enough for people to consider a substantial public investment wortwhile? That's a fair question. But to truly discuss it we'd have to have a grown up discussion about CRL funding instead of drawing to the extremes which are both innacurrate. There
is a substantial public investment in this project. There will be private profit, or the private entities wouldn't be involved. Determining what it actually will
really cost the City is much more difficult to determine. No, CRL doesn't necesarily just relocate tax revenue that would have been generated elsewhere, but its not necesarily revenue neutral as some like to argue.
Some can accept that where that actual cost falls, the benefits of the project are still probably worth it. Some may not.
One may not agree with the funding scheme. I don't really, to be honest. But I also understand that it was a lot more nuanced and complicated than hockey leagues and strong-arming.