http://calgaryherald.com/business/co...a-condo-towers
I would love to see a new arena for the Stampeder's/Flames but I'd prefer no tax dollars go in to it. Should be interesting to see what actually happens with the land over the next few years. I wonder where GSL would relocate.
The City of Calgary now officially owns the GSL land on the western outskirts of downtown leading to speculation on what it plans to do with its real estate holdings of more than 12 hectares in the area along Bow Trail.
A new home for the Calgary Flames and perhaps even the Calgary Stampeders? Or a development called West Village similar to the mixed-use project coming out of the ground in East Village now.
The area, bounded by the Bow River to the north and Crowchild Trail to the west, has huge potential development opportunities.
Jillian Henderson, spokeswoman for the City of Calgary, confirmed the city has purchased the more than four-hectare GSL land, at 1720 Bow Trail S.W., from General Supplies Co. Ltd. for about $36.9 million.
“The reason that this parcel was purchased was actually more of an opportunity acquisition,” said Henderson. “There’s the whole west downtown redevelopment piece that went to council and so we just saw that as an opportunity acquisition and it may be used for municipal use down the road or it may not but that’s really why the land was purchased.”
Among other parcels of land in the area, the city also owns the Greyhound site, which is nearly two hectares.
Ken King, president and chief executive of the Calgary Flames, said he could not make any comments about the site or future plans by the organization