Quote:
Originally Posted by Kevin_foster
Really?
Can the population of Calgary really support a One Billion Dollar Venue with any type of sustainability?
Good luck!
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I think it's possible if you consider the much smaller city of Victoria is supporting
a 4 Billion dollar golf&spa resort complete with restaurants and vineyards (< click to see how we roll upscale
)- so far >70% of the properties/memberships have been purchased locally.
However, the Victoria project (the largest non-industrial construction project in western Canada btw) has more of a housing component than this so-called private health/wellness club with movie theaters, curling rinks (nothin' says upscale better than curlin'), cement swimming holes and hockey rinks. The spin the spin! Oh it's Dubai scale
The question is, do wealthy Calgarians want to leave Calgary for R&R? I would think for the most part yes especially during the 6 months of winter. As far a s conventions go, most want to be central. I'm not sure this developer knows what he's doing, of course he did the research and think it will fly.