The Lansdowne Redevelopment
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07-21-2011, 12:15 PM
Join Date: Dec 2008
Originally Posted by
No the cost of professions sports is not minute even look at the bell cup which is not pro but still it bring in each year $15 million each year into the local economy.As for the cost of a park just look at hyde park when it was built it did cost around $500 million and there are some that want that type of park in ottawa.
1. Studies have been done before which shows that adding professional sports teams does not significantly impact a local economy. Other factors have a much more significant impact.
2. I asked for sources which showed that turning Lansdowne into a park would cost more to the city than to build a stadium, not Hyde Park. The Lansdowne Park Conservacy group says a park (and new retail spaces) would cost $110 million compared to the $129 million the city is currently on the hook for with the OSEG
However, Hackland might issue an order to stop any work on the project until council resolves one outstanding issue: what exactly is the city’s funding equity in the project? When council approved the LPP, they were under the mistaken belief that the city's funding equity was $76 million, when it is actually $13 million.
This is such an important point. The city has known about this for awhile, and the only reason we know about it is because it came out during the court case.
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