livewirecalgary.com
$74.5M out of an anticipated $270M![]()
Cost, funding concerns rise for Werklund Centre and Olympic Plaza projects - LiveWire Calgary
Expansion of the Werklund Centre (formerly Arts Commons) and Olympic Plaza’s transformation is well underway, however, the modernization project awaits full funding before moving ahead. Councillors and public members of the Arts Commons Advisory Committee members also heard at the Jan. 28...livewirecalgary.com
Can't even tell from their ask what is the funding gap... Is it just the federal/city funds are committed but not really?
Olympic Plaza and the expansion are fully funded, it's 74 out of 270 just for the modernization of the existing building. That city page just hasn't been updated for whatever reason but the rest of the money came from the GoA and the Werklund family.So the Olympic Plaza part is basically unfunded. Great, can't wait for it to be delayed and sit as a gravel lot.
1. the $660M is the new building, new Olympic Plaza AND the revitalization of the existing complex. 2. The Kamloops project is pretty similar in cost to the new building's cost, especially given this is a higher profile, fancier building.Is it just me or is this project really expensive. For comparison, the Fredricton performing arts centre (similar in scope, a bit smaller) also under construction right now is $111 Million, after cost escalations after previous estimates were $45M. The Kamloops Performing Arts Centre that broke ground last year is $211M and is slightly bigger at 1,100 and 450 theatres. The Rocky Ridge YMCA (pre-pandemic of course) was $191M, the MNP expansion ongoing now is $87M. I feel like there's better things to spend $660M.
Fredericton's New Performing Arts Centre | City of Fredericton
www.fredericton.ca