Comment 51426

By Undustrial (registered) - website | Posted November 13, 2010 at 16:10:29

This is very different from the AGH and Hecfi for a couple of reasons. First, because it would be handed directly to a private sector business. Second because it involves buying a whole new site and building a whole new structure, unlike the recent structural upgrades at the AGH. And thirdly, because they exist right in the middle of downtown, not off by the highway somewhere.

And in any case HECFI is a five-letter argument against any of this kind of investment. Copps Colosseum was a total nightmare to build, and sat as a big empty field for years between failed contractors. And it never generated the kind of development that was promised (and in fact flattened much of it) - the stores across the street couldn't even stay open.

Maybe we're "undervaluing" this stadium, but where exactly is all this value? It may not (all) be coming from municipal coffers, but it's still money from us, or other people like us. Just because money's being spent building things doesn't mean we're "winning". If it were a hospital or a school, people would be fighting to stretch and justify every dollar.

"Today, the notion of progress in a single line without goal or limit seems perhaps the most parochial notion of a very parochial century." — Lewis Mumford

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