New Downtown Calgary Arena

[Coldrsx]

Originally Posted by 5seconds

Presumably a Devonian Garden type facility.

Love the arena, but how likely is this to be built? Is this approved and likely to go ahead, or do we have years to see the design be 'economised' and chipped away?

Negative... more an inside outdoor space for events and stagging/concerts.

[Coldrsx]

Originally Posted by Surrealplaces

Someone correct me if I'm wrong, but Calgary so far is all private money, and Edmonton's a mix of private and public right? I think the 100 million shortfall for Edmonton is the public portion from the city.

Summary of Financial Framework Terms
The Arena Building
The maximum cost of new arena is $450 million and the building will be owned by the City of Edmonton.

The $450 million includes:

Design, construction, soft costs, eligible pre-development expenses
Any oversight expenses
Associated development costs.
350 parking stalls
Site servicing costs
Levies
$450 million is comprised of:

Katz Group $100 million
Facility Improvement Fee $125 million
City of Edmonton
CRL $45 million
Other sources $80 million*
Other Orders of Gov’t $100 million
Maximum Price of Arena $450 million
*includes $25 million from new parking revenue, $35 million redirected from City support for Rexall Place and $20 million from other current arena area related expenditures that will be re-directed.

[stampedeyeehaa]

Originally Posted by Coldrsx

Summary of Financial Framework Terms
The Arena Building
The maximum cost of new arena is $450 million and the building will be owned by the City of Edmonton.

The $450 million includes:

Design, construction, soft costs, eligible pre-development expenses
Any oversight expenses
Associated development costs.
350 parking stalls
Site servicing costs
Levies
$450 million is comprised of:

Katz Group $100 million
Facility Improvement Fee $125 million
City of Edmonton
CRL $45 million
Other sources $80 million*
Other Orders of Gov’t $100 million
Maximum Price of Arena $450 million
*includes $25 million from new parking revenue, $35 million redirected from City support for Rexall Place and $20 million from other current arena area related expenditures that will be re-directed.

So expecting $270 Million from Edmonton city tax payers and $80 Million from other levels of goverment that will not pay a dime. It appears Edmonton has got a little ahead of itself in the design phase.

This thing sounds like its along way from being complete. Sure glad we don't have owners like Katz in Calgary. Not only is he stealing from the Edmonton but also a good chance the Oilers don't make the playoffs for years to come.

[Coldrsx]

^clap clap clap

[MichaelS]

Originally Posted by Coldrsx

Summary of Financial Framework Terms
The Arena Building
The maximum cost of new arena is $450 million and the building will be owned by the City of Edmonton.

The $450 million includes:

Design, construction, soft costs, eligible pre-development expenses
Any oversight expenses
Associated development costs.
350 parking stalls
Site servicing costs
Levies
$450 million is comprised of:

Katz Group $100 million
Facility Improvement Fee $125 million
City of Edmonton
CRL $45 million
Other sources $80 million*
Other Orders of Gov’t $100 million
Maximum Price of Arena $450 million
*includes $25 million from new parking revenue, $35 million redirected from City support for Rexall Place and $20 million from other current arena area related expenditures that will be re-directed.

Who is paying the "Facility Improvement Fee"? Is that tacked on to ticket sales?

Has there been any indication of support for the "Other Orders of Gov't" $100 Million?

And the new parking revenue, is that generated out of the 350 parking spots to be constructed? If so, that is about $71,500 per stall. What is the projected time frame for the stalls to generate that much revenue?

Also, who is getting the revenue from concession sales in the new building? The City as the owner, or the Katz Group? Or, a 3rd party operator?

[Calgarian]

Is the city going to use part of the MSI funding from the Province? I read that in the Edmonton Arena thread some time ago.

[Coldrsx]

MSI is definitely in play.

Added to tickets

Hints, but publicly not.

huh?

Katz Group would get the event revenue, but will also be responsible for the operating and capital costs after it is built.

[AB Born]

Is it just me or does that design look to be more than $450 million?

[MalcolmTucker]

Well the winter garden space is in addition to the $450 million me thinks. I would guess the shape will be simplified to keep the cost down, but even a 'basic' design that fulfilled all the requirements for load bearing, parking, practice rick, and club suites/seats would be high in the project envelop too me thinks.

[suburbia]

The only way we're going to get close to that level of funding (or higher) is by finding a way to integrate the convention centre.

[MalcolmTucker]

Sometimes adding things together doesn't make them better or more economical. Often it is the opposite, more expensive and worse.

[MichaelS]

Originally Posted by Coldrsx

MSI is definitely in play.

Added to tickets

Hints, but publicly not.

huh?

Katz Group would get the event revenue, but will also be responsible for the operating and capital costs after it is built.

You said $25 million was coming from new parking revenue. You also said that part of the $450 million cost was to build 350 parking stalls. I assume these new stalls will provide the new parking revenue, or are there more new stalls benig built? If they are not new stalls, can you call it new parking revenue, or just redirected revenue?

Do they know what the surcharge on each ticket will be for the Facility Improvement Fee?

[suburbia]

Originally Posted by MalcolmTucker

Sometimes adding things together doesn't make them better or more economical. Often it is the opposite, more expensive and worse.

Agreed that it is not always the solution.

So when are we realistically going to get an arena like the one Edmonton is proposing in Calgary?

[Steveston]

Originally Posted by eggbert

O-M-G!!! That's amazing!

Here's some more great photos too:
http://oilers.nhl.com/club/news.htm?...id=DL|EDM|home

Gorgeous arena.

I have to say, however, that spelling mistakes in your presentation to council are absolutely inexcusable.

[eggbert]

Originally Posted by Steveston

Gorgeous arena.

I have to say, however, that spelling mistakes in your presentation to council are absolutely inexcusable.

Not sure what you mean by "your"? I just posted a link to some pictures.

[DizzyEdge]

Originally Posted by CtrlAltDel

Oh don't you worry about us....according to this previously unreleased conceptual image, our new barn will blow your beautiful, sleek, modern arena out the barn door!


(Hastily sketched by me)
Uploaded with ImageShack.us

Seriously though, way to go Edmonton! Truly magnificent.

Can I tweet that please?

[CtrlAltDel]

Originally Posted by DizzyEdge

Can I tweet that please?

Sure! I already tweeted it, and a bunch of other random silly photoshopped Calgary images, but I don't have many followers, so not many see them anyway.

[Coldrsx]

Originally Posted by DizzyEdge

Can I tweet that please?

Some of his best work yet.

[Innersoul1]

This Herald gallery has some renderings we haven't seen including the standing room section that was noted on the previous page.

http://www.calgaryherald.com/news/Ga...387/story.html

They have done a lot of things right with this arena! the loge corporate seating looks awesome as does the the Stage End club. I think the standing area at press level has falling cup of beer written all over it!

[Innersoul1]

ALBERTA PREMIER STANDS FIRM ON NO FUNDING FOR OILERS' ARENA

EDMONTON -- Alberta Premier Alison Redford has re-stated that the province will not be investing $100 million in the downtown Edmonton arena project.

Redford told reporters Thursday before the annual premier's dinner in Edmonton that her government's perspective has not changed and will not change.


http://tsn.ca/nhl/story/?id=396223