Discover and read the best of Twitter Threads about #yyccc

Most recents (10)

I'm looking back at some of the history of the 'coliseum' (as it was known) in July of 1981, here are some @calgaryherald articles from that time when construction started. As you can see the Vic Park CA was very much against the coliseum #yyccc /1
July 3 - @calgaryherald ran an editorial applauding the City's decision to approve the coliseum. The last paragraph sounds very much like the debate today #yyccc /2
July 4 - Here's another @calgaryherald column about the impacts of the coliseum #yyccc /3
Read 15 tweets
Some thoughts on the Calgary arena deal #yyc #yyccc #yycarena. First, from empirical evidence we know:

1. New venues don't have significant regional econ impact mostly b/c household sports spending is substitutable (if not spent on sports, it's spend on other entertainment).
2. While new sports venues don't typically help a city economically overall, they can have positive localized impact by slightly (+10-15%) increasing property values at the neighbourhood scale. So not economic boosters, but can help catalyze development in the immediate area.
3. That dev'mt may not be new but rather displaces dev'mt that might otherwise happen in adjacent areas (since absorption is tied to general economic conditions -- no reason to think the arena would generate more net office or housing demand in the city).
Read 19 tweets
Dear #yyccc You do know there is a butt load of scholarly evidence on the public subsidization of sports arenas and the consensus is there is "no evidence supporting the idea that sports facilities are important engines of economic growth" /thread
Economists have found no evidence of positive economic impact of professional sports teams and facilities on urban economies. core.ac.uk/download/pdf/7…
We conclude that measurable economic benefits to area residents are not large enough to justify stadium subsidies link.springer.com/article/10.100…
Read 9 tweets
For some perspective on the #yyc biz PTax challenge. Here's a short thread.

It's all about the drop in property values downtown.

The Bow was worth $1.4b in 2015. Today, it's down to $775m.

At today's rates, that loss means ~$12m/yr lower muni govt revenue. From one building.
There's more. Bow Valley Square was worth $900m in 2015. Today, it's down to $236m. That's another $12m in lost muni govt revenue for #yyc.
It goes on and on. Eight Avenue Place was worth nearly $800m in 2015. Today it's worth barely over $390m. That's over $7m in lost muni govt revenue.
Read 11 tweets
Change in the program at #yyccc : 2019 tax debate is up right now.
Option 1 for 2019. The takeaway wouldn't be much different than what was discussed last November during budget. A 3.45% hike. Average home would pay $105 more in 2019. Would result in close to 2% cut to commercial tax bills. #yyccc #yyc
Option 2 is a more dramatic shift to homeowners, and bigger break for business.

Average home would see $200 increase in 2019 (if no rebate is approved) #yyccc
Read 33 tweets
CORRECTION TO MY LAST TWEET.
Council will CONSIDER a proposal to fund FOUR major capital projects tonight.

- new arena
- BMO Centre expansion
- Arts Commons (phase 1)
- Fieldhouse
#YYCCC #YYC
The City's chief financial officer just said she is only comfortable moving forward with a single project, not all four. Asked why, she expressed concern about the City's liquidity and costs related to Green Line construction. #yyccc #yyc
Coun. Woolley sounding the alarm on this proposal. "We cannot in a fiscally responsible way undertake these and our chief financial officer has said that." #yyccc #yyc
Read 13 tweets
The Friends of Confederation Creek (FOCC) were very encouraged by our dealings with City Administration and their preliminary Confederation Park Stormwater Drainage Study report's findings. @ConfedCreek

calgary.ca/PDA/pd/Pages/C…
#yyc #yyccc
he North Hill Coulee was formed by the retreat of Ice Age glaciers and there has been water flowing in it since that time. This seminal AEP Report in 1961 clearly shows the Coulee (orange) & the legend the amount of groundwater present. (Map is from 1951.)
ags.aer.ca/publications/B…
This is the largest water catchment in Calgary. It is 2700 hectares, encompassing communities from Shaganappi Trail to Edmonton Trail on the south side of Nose Hill; from Triwood and Varsity communities to Highland Park and Thorncliffe Greenview communities. Map from 1931.
Read 13 tweets
So, I see a lot of people - including a lot of media - lining up to cry VINDICATION on the Jeromy Farkas story. Here's why this is terribly wrongheaded.
#yyccc
#yyc
Let's start with the facts. On Dec. 17's regular Council session, part of the agenda included a motion from Councilor Sutherland (@Ward4Ward1), which called for a salary freeze for City Council. Here's the full text of that:
During the debate on this motion, confusion arose over Council salaries, which are tied to the average weekly earnings of Albertans. The city's Chief Financial Officer, Carla Male, seemed to indicate that voting in favour of the motion would actually result in a net GAIN.
Read 23 tweets
This Tuesday is #UrbanAffairsBookClub @shelflifeyyc, and we're reading 'Building the Cycling City: the Dutch Blueprint for Urban Vitality' by @modacitylife. I liked this book so much, I decided to go through it again, and I'll be live-tweeting my experience!
#yycplan #yycwalk and #yycbike tweeps, feel free to follow along.
The authors, Melissa and Chris Bruntlett, decided to take the plunge and do away with car ownership (saving $800 per month!). Carshare was the tipping point, but they mostly stuck to walking, cycling and transit, using rental cars for the occasional road trip.
Read 58 tweets
Today we're mailing more than half a million property and business #assessment notices. The Customer Review Period also begins today and runs through March 12. Visit calgary.ca/assessment or call 403-268-2888 for more info. #yyccc
The average assessed value of a single family home in #yyc is up 2% from 2017 to $480K while the average assessed value of a condo is $260K (down from $270K in 2017)
2018 Property #Assessments are based on market value on July 1, 2017 & physical condition of properties on Dec. 31, 2017. 2018 Business Assessments reflect typical net annual rental value on July 1, 2017.
Read 5 tweets

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