Thread by @ZiadFazel

@gccarra @DaleCalkins @maxfawcett @DruhFarrell Here's 1 of my questions. The proposal pretends there is a 50/50 split of the capital requirements, but only includes $2m of flood mitigation in the $550m. It is as if the building will be floating in mid-air without regard to land value or location costs. @fieldofschemes

@gccarra @DaleCalkins @maxfawcett @DruhFarrell @fieldofschemes But proposed location sits in provincially-regulated flood zone, with 72-93% chance of flooding at least once in next 25 yrs, which means higher flood mitigation costs & insurance costs. City received estimates for these. Why were they not disclosed? What are they? @trevortombe

@gccarra @DaleCalkins @maxfawcett @DruhFarrell @fieldofschemes @trevortombe From my reading, the Land Use Bylaw does not allow for a basement or below-ground bowl for proposed arena. The first floor must be min 0.3m above street, no electrical or mech equipment below, +sewer backup protection. No way this will cost $2m. Where will money come from?

@gccarra @DaleCalkins @maxfawcett @DruhFarrell @fieldofschemes @trevortombe So that's location. Now land.

The city's investment is also 35 years of exclusive use of this valuable land, including building rights. What is the market value for this?

@gccarra @DaleCalkins @maxfawcett @DruhFarrell @fieldofschemes @trevortombe I cc: Druh on 4 pages of such questions before Noon Friday, and have more now that I've had time to go through the material this weekend.

Council is rushing this vote to prevent Calgarians from discovering how much information has been withheld or misrepresented. @EWoolleyWard8

@gccarra @DaleCalkins @maxfawcett @DruhFarrell @fieldofschemes @threadreaderapp unroll