No economic case for Calgary NEXT: Mayor
Posted Dec 25, 2016 3:41 pm.
This article is more than 5 years old.
What’s next for the Calgary NEXT project?
Earlier this year, the Calgary Sports and Entertainment Group put forward a proposal to build a new arena, football stadium and field house in the west village.
In a year-end interview with 660 NEWS, Mayor Naheed Nenshi says at this point there is no real economic case to build such a facility.
Nenshi says those behind the proposal are asking for too much cash from taxpayers.
“The city believes it will cost $1.8 billion with a “B” to be able to get Calgary NEXT there and there is no way we are going to spend that kind of money that’s is far, far more than the West LRT cost for example,” said Nenshi.
Nenshi says he’s not closing the door to Calgary NEXT and he’s hoping a new feasible proposal, possibly on another site will be tabled in 2017.
