Alberta NDP leader Rachel Notley said the party remains committed to revitalizing downtown Calgary and building a better future for residents. .“We also know the Calgary Flames inspire tremendous community spirit,” said Notley in a Tuesday statement. .“Still, we note the cost of the latest proposed arena deal has doubled in size in 18 months and while the original version laid out a 50-50 private-public partnership, taxpayers are now responsible for more than 70% of the cost.” .Notley said the Alberta NDP believes all voters “would expect their elected representatives to do due diligence on the economics and fiscal value of a capital project this size.” .With that in mind, she said it “will be reviewing the deal in greater detail, will be consulting directly with Albertans about its content, and will have more to say in the coming days.” .Details of a new $1.2-billion NHL-sized arena and entertainment district in Calgary were finalized Tuesday after years of haggling. .READ MORE: UPDATED: New $1.22-billion arena plan for Calgary finally a go.The new arena is planned to be built at 14 Avenue and Fifth Street SE. .The City of Calgary will pay $537.3 million to fund the development of the event centre, parking structure, the enclosed plaza, and 25% of the community rink.
Alberta NDP leader Rachel Notley said the party remains committed to revitalizing downtown Calgary and building a better future for residents. .“We also know the Calgary Flames inspire tremendous community spirit,” said Notley in a Tuesday statement. .“Still, we note the cost of the latest proposed arena deal has doubled in size in 18 months and while the original version laid out a 50-50 private-public partnership, taxpayers are now responsible for more than 70% of the cost.” .Notley said the Alberta NDP believes all voters “would expect their elected representatives to do due diligence on the economics and fiscal value of a capital project this size.” .With that in mind, she said it “will be reviewing the deal in greater detail, will be consulting directly with Albertans about its content, and will have more to say in the coming days.” .Details of a new $1.2-billion NHL-sized arena and entertainment district in Calgary were finalized Tuesday after years of haggling. .READ MORE: UPDATED: New $1.22-billion arena plan for Calgary finally a go.The new arena is planned to be built at 14 Avenue and Fifth Street SE. .The City of Calgary will pay $537.3 million to fund the development of the event centre, parking structure, the enclosed plaza, and 25% of the community rink.
