Letter: Do we really need to build a brand new arena?

With my training and experience in the world of finance, I have watched, read about and analyzed various levels of government in Canada and beyond demonstrating some good, and mostly not so good, examples of financial practices over the past few decades.

While the authors are a highly respected and qualified firm, the report leaves me with the uneasy feeling that it was prepared to support a desired conclusion, emphasizing the shortcomings of the renewal option, and suggesting that it would cost as much as a new build. Time doesn’t permit a detailed critique, so I will simply state that it raises many questions. My main concern is the comparables used.

If I were on council, I would be asking for a revised comparison of Project Now to a new build, and grading from one to 10 each item. I would also discount some of the fluffier “requirements” such as “Creating a bigger WOW factor”, and “a bigger and longer honeymoon after opening.”

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